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March 2, 2017
NFA bars Los Angeles, Calif. commodity trading advisor Nex Capital Management LLC and its principal, Jacob Wohl, from membership
March 2, Chicago—National Futures Association (NFA) has permanently barred Los Angeles, Calif. commodity trading advisor Nex Capital Management LLC (Nex Capital) and its sole principal and associated person, Jacob Wohl, 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 August 19, 2016. The Hearing Panel found that Nex Capital and Wohl willfully failed to cooperate with NFA by refusing to submit to an examination of Nex Capital. Such conduct on the part of Nex Capital and Wohl strikes at the heart of NFA's examination function, which depends upon the full cooperation of NFA Members in order to operate effectively.