Case Summary

CARLO SCEVOLA NFA 09BCC00043 NFA ID: 0338478

 Respondent/Effective Date Summary 
 NFA IDRespondentEffective Date
 0338478SCEVOLA, CARLO06/01/2010
 Rule Summary 
 NFA IDRespondentRule Type
 0338478SCEVOLA, CARLO• C.R.2-5 - FAILURE TO COOPERATE W/ NFA
 Committee Summary 
 NFA IDRespondentCommittee
 0338478SCEVOLA, CARLO• BUSINESS CONDUCT COMMITTEE
  • HEARING COMMITTEE
 Action Summary 
 NFA IDRespondentAction Types
 0338478SCEVOLA, CARLO• GENERAL CONDUCT
 Penalty/Event Summary 
 NFA IDRespondentPenalty/EventEvent Date
 0338478SCEVOLA, CARLO• WITHDRAW FROM MEMBERSHIP PERM05/17/2010
  • WITHDRAW FROM NFA ASSOCIATE MEMBERSHIP05/17/2010
  • WITHDRAW PRINCIPAL STATUS05/17/2010
 Narrative Summary 
Narrative for 0338478 - SCEVOLA, CARLO
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COMPLAINT:

On November 17, 2009, NFA issued a Complaint charging Scevola with failing to cooperate with NFA in its inquiry of Scevola's operations and his performance claims; representing to a participant in Resolute Capital that Resolute Capital had lost all of its money due to a defaulting broker when, in fact, most of its losses appear to have resulted from trading losses; and providing what appeared to be inaccurate information to NFA about his operations.

ANSWER:

On December 14, 2009, Scevola filed an Answer to the Complaint in which he denied the material allegations contained therein.

DECISION:

On May 17, 2010, pursuant to a settlement offer submitted by Scevola, he was ordered to withdraw from NFA membership and associate membership and cease being a principal of an NFA Member.

NOTICE OF APPEAL:

On June 7, 2018, Scevola filed a Notice of Appeal with NFA's Appeals Committee to appeal the May 24, 2018 Order issued by a Hearing Panel denying his Petition for Modification of the May 17, 2010 Decision issued by the Hearing Panel in this matter.

APPEALS COMMITTEE DECISION:

On October 3, 2018, NFA's Appeals Committee issued a Decision in which it affirmed the Hearing Panel's May 2010 Decision.

NOTICE OF APPEAL:

On October 31, 2018, Scevola filed a Notice of Appeal of the Appeals Committee Decision with the CFTC.

 
 Case Documents Summary 
 NFA IDRespondentDocument Type
 0338478SCEVOLA, CARLOANSWER
 0338478SCEVOLA, CARLOAPPEALS COMMITTEE DECISION
 0338478SCEVOLA, CARLOCOMPLAINT
 0338478SCEVOLA, CARLODECISION
 0338478SCEVOLA, CARLONOTICE OF APPEAL