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For Immediate Release
May 04, 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 Pratik Patel, sole associated person of Houston, Texas, introducing broker Patel Futures LLC, from membership

The Decision, issued by NFA's Business Conduct Committee (BCC), is based on a Complaint authorized by the BCC on February 21, 2017 and a settlement offer submitted by Patel. The Complaint alleged that Patel defrauded customers by providing them with false reports concerning the value of their investments and misappropriating their funds. The Complaint also alleged that Patel provided false and misleading information to NFA during NFA's examinations of PFL.

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

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