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February 11, 2009
NFA bars Boca Raton introducing broker, Commodity Futures Consultants Corp. and its principal
February 11, Chicago - National Futures Association (NFA) has ordered Commodity Futures Consultants Corp. (CFCC), an Introducing Broker Member located in Boca Raton, Florida, to withdraw from NFA membership and not reapply. Jamie S. Duncanson, a principal of CFCC, also agreed to withdraw from NFA membership for a period of 5 years. The Decision, issued by an NFA Hearing Panel, is based on an NFA Complaint filed in June 2008 and a settlement offer that was submitted by CFCC and Duncanson without admitting or denying the allegations that were made in the Complaint.
The Complaint charged that CFCC failed to adequately implement an anti-money laundering (AML) program and that Duncanson failed to supervise CFCC's AML program.
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