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January 25, 2016
NFA bars New York, N.Y. introducing broker CC Trading Company LLC from membership
January 25, Chicago—National Futures Association (NFA) has permanently barred CC Trading Company LLC (CC Trading), an NFA Member introducing broker located in New York, N.Y., from membership and from acting as a principal of an NFA Member.
The Decision, issued by an NFA Hearing Panel, is based on a Complaint authorized by NFA's Business Conduct Committee (BCC) on March 18, 2015, and a settlement offer submitted by CC Trading. The Complaint alleged that CC Trading failed to maintain required minimum adjusted net capital, failed to keep accurate financial records, failed to cooperate with NFA, willfully submitted misleading information to NFA, and failed to adequately supervise the firm's operations.
In September 2011, the BCC issued its first Complaint against CC Trading and Christopher Craddock, a principal and registered associated person of CC Trading. An NFA Hearing Panel issued a Decision regarding the 2011 Complaint and found that CC Trading failed to maintain required minimum adjusted net capital and failed to keep accurate financial records, and that CC Trading and Craddock failed to adequately supervise CC Trading's operations. The Hearing Panel ordered CC Trading and Craddock to pay a $15,000 fine.