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September 02, 2011
NFA takes emergency enforcement action against SureInvestment, LLC and its principal
September 2, Chicago - National Futures Association (NFA) announced today that it has taken an emergency enforcement action against SureInvestment, LLC (SureInvestment) and its associated person (AP) and principal, Crosby Wood. SureInvestment and Wood are suspended from NFA membership effective immediately until further notice. SureInvestment is a Commodity Pool Operator and Commodity Trading Advisor located in McLean, Virgina.
NFA commenced an examination of SureInvestment after learning of an action taken by the Financial Services Authority (FSA) in the United Kingdom against Benjamin Wilson, who was a listed principal and AP of SureInvestment.
Throughout NFA's examination and investigation of the firm, SureInvestment, Wood and Tim Hirt, another principal of the firm, failed to cooperate with NFA and misled NFA auditors. Although records show that SureInvestment collected approximately $4.3 million from capital investors and $1.5 million from commodity pool investors, NFA can only account for approximately $1.1 million - all trading losses - of the $6 million.
The Member Responsibility Action (MRA) and Associate Responsibility Action (ARA) prohibits SureInvestment, Wood and any person acting on SureInvestment's behalf from disbursing or transferring funds, over which it or any person acting on its behalf exercises control, without prior NFA approval.
The following Compliance staff members are responsible for this case: Pete Krol, Compliance Manager (312-781-1291) and Kevin Justus, Field Supervisor (312-781-1496).
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.