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March 14, 2011
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Karen Wuertz (312) 781-1335, email@example.com
NFA takes emergency enforcement action against Maryland firm Trade Dock Capital LLC and its principal
March 14, Chicago - National Futures Association (NFA) announced today that it has taken an emergency enforcement action against Trade Dock Capital LLC (Trade Dock Capital) and its sole associated person (AP) and principal, Dominique Miguel Da'Cruz. Trade Dock Capital is a Commodity Trading Advisor and Commodity Pool Operator located in Bethesda, Maryland.
NFA believes that Trade Dock Capital and Da'Cruz solicited prospective customers with false and misleading information. Claims on the firm's website indicated the firm was doing business in commodity futures and forex trading while neither Trade Dock Capital nor Da'Cruz have been approved as a forex firm or forex AP, respectively. Trade Dock Capital and Da'Cruz deliberately misled NFA throughout the investigation of Trade Dock Capital and failed to cooperate with NFA during the examination of the firm or demonstrate that it is in complete compliance with NFA requirements.
Effective immediately, the Member Responsibility Action (MRA) and Associate Responsibility Action (ARA) suspend Trade Dock Capital and Da'Cruz from NFA membership until further notice. Additionally, Trade Dock Capital and Da'Cruz are prohibited from soliciting or accepting funds from customers or investors and soliciting investments for any investment vehicles.
The MRA/ARA will remain in effect until such time that Trade Dock Capital and Da'Cruz exhibit that they are in full compliance of NFA Requirements. Trade Dock Capital and Da'Cruz may request a prompt hearing before NFA's Hearing Committee.
The complete text of the MRA/ARA can be found on NFA's website (www.nfa.futures.org).
The following Compliance staff members are responsible for this case: Kimberly Nordhoff, Investigator, Compliance (312-781-1374) and Rachel Brandenburg, Manager, Compliance (312-781-1472).
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.