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March 03, 2011
NFA permanently bars Florida firm CD Capital Management, Inc. from NFA membership
March 3, Chicago - National Futures Association (NFA) has permanently barred CD Capital Management, Inc. (CD Capital Management) from NFA membership. CD Capital Management is a Commodity Trading Advisor located in Miami, Florida. The Decision, issued by an NFA Hearing Panel, is based on an NFA Complaint filed in November 2010 and a settlement offer submitted by CD Capital Management.
The Complaint alleged that CD Capital Management provided false information to NFA; solicited and managed forex accounts without providing customers with an approved disclosure document; and failed to supervise the firm's business. Additionally, the Complaint alleged that CD Capital Management failed to list two individuals as principals of the firm, one of whom previously worked for a disciplined firm of NFA.
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the derivatives markets.