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For Immediate Release
October 27, 2011

For more information contact:
Larry Dyekman (312) 781-1372,
Karen Wuertz (312) 781-1335,

NFA suspends introducing broker Angus Jackson, Inc. of Fort Lauderdale, Florida and its principals

October 27, Chicago - National Futures Association (NFA) has suspended Angus Jackson, Inc. of Florida (Angus Jackson) and its principal, Martin H. Bedick from NFA membership for a period of seven years. Angus Jackson is an Introducing Broker (IB) located in Fort Lauderdale, Florida. NFA also suspended Michael E. Rose, another principal of Angus Jackson, for a period of two years. Both Bedick and Rose are also permanently barred from acting as a principal of an NFA Member. The Decision, issued by an NFA Hearing Panel, is based on a Complaint filed in December 2010.

The Panel found that Angus Jackson and Bedick provided false information to NFA about an unregistered individual who was acting as a broker for the firm and about commission payments made to such individual by falsely representing that such individual provided computer consulting services to the firm and that payments to such individual were for such services. The Panel also found that Angus Jackson failed to provide the required annual anti-money laundering (AML) training to a number of its associated persons (APs). Additionally, Angus Jackson included an order for a non-customer account in the same bunched order and provided post-execution allocation instructions for bunched customer orders which IBs are not permitted to do under NFA rules. Finally, the Panel found that Rose was aware that an unregistered individual received commissions but ignored the situation and his responsibilities as a principal of the firm.

The complete text of the Complaint and Decision can be viewed on NFA's website (

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