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For Immediate Release
March 02, 2017

For more information contact:
Kristen Scaletta, 312-781-7860, kscaletta@nfa.futures.org
Karen Wuertz, 312-781-1335, kwuertz@nfa.futures.org

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.

The complete text of the Complaint and Decision can be viewed on NFA's website.

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