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September 21, 2007
NFA permanently bars Forex Dealer Member, Trend Commodities Limited Partnership
September 21, Chicago - National Futures Association (NFA) has permanently barred Trend Commodities Limited Partnership (Trend), a Futures Commission Merchant and Forex Dealer Member, from NFA membership. The Decision, issued by NFA's Business Conduct Committee, is based on a Complaint filed in September 2007 and a settlement offer submitted by Trend.
The Complaint charged that Trend submitted false and misleading information to NFA in regards to its source of capital, source of customers and firm's operations.
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the derivatives markets.