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March 17, 2016
NFA orders Newport Beach, Calif., introducing broker Hollencrest Securities to pay $125,000 fine
March 17, Chicago—National Futures Association (NFA) has ordered Hollencrest Securities, also known as Hollencrest Capital Management (Hollencrest), an NFA Member introducing broker located in Newport Beach, Calif., to pay a $125,000 fine.
The Decision, issued by NFA's Business Conduct Committee (BCC), is based on a Complaint authorized by the BCC on December 21, 2015, and a settlement offer submitted by Hollencrest and Peter Pellizzon, a listed principal and associated person of Hollencrest and an NFA Associate. The BCC found that Hollencrest failed to observe high standards of commercial honor and just and equitable principles of trade.