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February 27, 2012
NFA takes emergency enforcement action against Texas firm J Hansen Investments LLC and its principal, Jonathan Hansen
February 27, Chicago - National Futures Association (NFA) announced today that it has taken an emergency enforcement action against J Hansen Investments LLC (JHI) and its principal, Jonathan Hansen (Hansen). J Hansen Investments is an NFA Member commodity pool operator located in Houston, Texas and Hansen is also an NFA Associate.
NFA has taken the Member Responsibility Action (MRA) and Associate Responsibility Action (ARA) because JHI and Hansen failed to cooperate with NFA's examination of the firm. NFA commenced an unannounced examination of JHI after the firm filed its annual questionnaire with NFA which indicated that the firm was operating a commodity pool even though JHI had not listed any commodity pools with NFA, had never filed a disclosure document with NFA and does not have any Commodity Futures Trading Commission exemptions listed with NFA. Since JHI and Hansen have failed to cooperate with NFA, NFA is unable to determine definitively the source of funds in the customer trading accounts and pool, the source of funds in the trading accounts in Hansen's and JHI's names, respectively, where the customer trading accounts and pool are held, or how many commodity pool participants might exist.
Effective immediately, JHI and Hansen are suspended from NFA membership and associate membership. In addition, they are prohibited from placing trades in any accounts and from distributing or transferring any customer funds.
JHI and Hansen may request a hearing before NFA's Hearing Committee.
The following Compliance staff members are responsible for this case: LeeAnn Reider (312-781-1553) and Brendan Litwin (312-781-1206).
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.