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November 08, 2013
NFA permanently bars Escondido, California commodity trading advisor and commodity pool operator Light Tower Investments, Inc. and its principal, Klaus P. Weyers
November 8, Chicago - National Futures Association (NFA) has permanently barred Light Tower Investments, Inc. (Light Tower), a commodity trading advisor (CTA) and commodity pool operator Member of NFA located in Escondido, California, from NFA membership. NFA has also permanently barred Light Tower's principal, Klaus P. Weyers (Weyers). The Decision, issued by NFA's Business Conduct Committee, is based on a Complaint filed against Light Tower and Weyers on June 28, 2013.
Light Tower and Weyers were served with the Committee's Complaint on two separate occasions but failed to file an answer as required by NFA rules.
The Committee found that Light Tower and Weyers failed to cooperate with NFA during NFA's investigation of their activities. In addition, the Committee found that Light Tower failed to file a pool disclosure document or annual financial statement with NFA; failed to provide pool participants with a disclosure document or a financial statement; and failed to provide new CTA customers with an updated disclosure document. The Committee also found that Light Tower failed to list an individual as a principal.
Light Tower and Weyers were also named in a Member Responsibility Action issued by NFA on May 22, 2013.
Light Tower and Weyers may appeal the Committee's Decision to NFA's Appeals Committee by filing a written notice of appeal within 15 days of the date of the Decision.