Case Summary

CHANGES CAPITAL MANAGEMENT LLC NFA 09BCC00012 NFA ID: 0335906

 Respondent/Effective Date Summary 
 NFA IDRespondentEffective Date
 0335906CHANGES CAPITAL MANAGEMENT LLC10/01/2009
 0336145SHAH, PINANK V10/01/2009
 Rule Summary 
 NFA IDRespondentRule Type
 0335906CHANGES CAPITAL MANAGEMENT LLC• C.R.2-5 - FAILURE TO COOPERATE W/ NFA
 0336145SHAH, PINANK V• C.R.2-5 - FAILURE TO COOPERATE W/ NFA
 Committee Summary 
 NFA IDRespondentCommittee
 0335906CHANGES CAPITAL MANAGEMENT LLC• BUSINESS CONDUCT COMMITTEE
 0336145SHAH, PINANK V• BUSINESS CONDUCT COMMITTEE
 Action Summary 
 NFA IDRespondentAction Types
 0335906CHANGES CAPITAL MANAGEMENT LLC• GENERAL CONDUCT
 0336145SHAH, PINANK V• GENERAL CONDUCT
 Penalty/Event Summary 
 NFA IDRespondentPenalty/EventEvent Date
 0335906CHANGES CAPITAL MANAGEMENT LLC• PERMANENT BAR FROM PRINCIPAL STATUS09/16/2009
  • PERMANENT BAR FROM NFA MEMBERSHIP09/16/2009
 0336145SHAH, PINANK V• PERMANENT BAR FROM NFA ASSOCIATE MEMBERSHIP09/16/2009
  • PERMANENT BAR FROM PRINCIPAL STATUS09/16/2009
  • PERMANENT BAR FROM NFA MEMBERSHIP09/16/2009
 Narrative Summary 
Narrative for 0335906 - CHANGES CAPITAL MANAGEMENT LLC
**TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**

COMPLAINT:

On June 10, 2009, NFA issued a Complaint alleging that CCM and Shah failed to cooperate with NFA in its inquiry into CCM's operations.

DECISION:

On September 16, 2009, CCM was permanently barred from NFA membership and from acting as a principal of an NFA Member; and Shah was permanently barred from NFA membership and associate membership and from acting as a principal of an NFA Member.

 
Narrative for 0336145 - SHAH, PINANK V
**TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**

COMPLAINT:

On June 10, 2009, NFA issued a Complaint alleging that CCM and Shah failed to cooperate with NFA in its inquiry into CCM's operations.

DECISION:

On September 16, 2009, CCM was permanently barred from NFA membership and from acting as a principal of an NFA Member; and Shah was permanently barred from NFA membership and associate membership and from acting as a principal of an NFA Member.

 
 Case Documents Summary 
 NFA IDRespondentDocument Type
 0335906CHANGES CAPITAL MANAGEMENT LLCCOMPLAINT
 0335906CHANGES CAPITAL MANAGEMENT LLCDECISION
 0336145SHAH, PINANK VCOMPLAINT
 0336145SHAH, PINANK VDECISION