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April 20, 2012
National Futures Association permanently bars Maryland firm Trade Dock Capital
April 20, 2012, Chicago - National Futures Association (NFA) announced today that it has permanently barred Trade Dock Capital LLC (Trade Dock Capital) from NFA membership and barred its sole associated person (AP) and listed principal, Dominique Miguel Da'Cruz, for a period of seven years. Trade Dock Capital is a Commodity Trading Advisor and Commodity Pool Operator located in Bethesda, Maryland.
The Decision, issued by an NFA Hearing Panel, is based on a Complaint filed in August 2011 and a settlement offer submitted by Trade Dock Capital and Da'Cruz. NFA had previously issued a Member Responsibility Action against Trade Dock Capital and an Associate Responsibility Action against Da'Cruz in March 2011, suspending their NFA membership. See previous press release.
The Panel found Trade Dock Capital and Da'Cruz used deceptive and misleading promotional material. The Panel also found that Trade Dock Capital and Da'Cruz failed to cooperate promptly and fully with NFA and that they provided false and misleading information to NFA during the audit of the firm. Finally, the Panel found that Trade Dock Capital failed to list the firm's chief executive officer as a principal of the firm and improperly delisted another individual as principal.
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.