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March 10, 2010
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Charles Mitchell d/b/a Hindsight Commodity Traders agrees to withdraw from NFA membership for seven years
March 10, Chicago - National Futures Association (NFA) has accepted Charles Mitchell's settlement offer to withdraw from NFA membership for a period of seven years. Mitchell is an Introducing Broker doing business as Hindsight Commodity Traders, located in Indian Trail, North Carolina. The Decision, issued by an NFA Hearing Panel, is based on an NFA Complaint filed in September 2009 and a settlement offer submitted by Mitchell.
The Complaint charged Mitchell with submitting false or misleading information to NFA, using deceptive promotional material and failing to make required disclosure document amendments. Mitchell must pay a fine of $20,000 in the event that Mitchell reapplies for NFA membership at the expiration of the seven-year period.
The complete text of the Complaint and Decision can be found on NFA's website (www.nfa.futures.org).
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.