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December 30, 2016
NFA permanently bars Eden Prairie, Minn., introducing broker Vincent Capital Group from membership
December 30, Chicago—National Futures Association (NFA) has permanently barred Eden Prairie, Minn., introducing broker Vincent Capital Group LLC (Vincent Capital) 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 June 30, 2016, and a settlement offer submitted by Vincent Capital. The Complaint alleged that Vincent Capital failed to comply with NFA's 2012 Order to submit promotional material to NFA and failed to supervise the firm's operations.
Vincent Capital is the subject of two previous Complaints issued by NFA's BCC. In 2012, Vincent Capital was charged with making misleading sales solicitations and using misleading promotional materials (see 2012 Complaint), and ordered to pay a $25,000 fine and to pre-submit all promotional material to NFA for review and approval. In 2013, Vincent Capital was charged with failure to comply with NFA's 2012 Order to submit promotional material to NFA and failure to diligently supervise the firm's operations (see 2013 Complaint), and ordered to pay a $35,000 fine.