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October 29, 2015
NFA bars Woodstock, Ga., commodity trading advisor Jonathan Parker from membership
October 29, Chicago—National Futures Association (NFA) has permanently barred Jonathan Parker, an NFA Member commodity trading advisor, associated person, and principal, located in Woodstock, Ga., from membership.
The BCC found that Parker acted as a commodity pool operator without being registered as such. Additionally, the BCC found that Parker provided a customer with a false account statement, claiming a 500 percent return on the customer's investment in the pool. However, NFA determined that the pool's overall profit and loss for the quarter was a negative 38 percent. Finally, the BCC found that Parker provided NFA with false and misleading information and failed to cooperate in an NFA examination.
Parker was the subject of an NFA enforcement action issued in July 2015 suspending Parker from NFA membership and prohibiting Parker from disbursing or transferring any customer funds without NFA's approval.