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June 22, 2018
NFA takes emergency enforcement action against Chicago, Ill. commodity pool operator and commodity trading advisor Golden Point Capital Management LLC and its sole principal Glenn Graham
June 22, Chicago—NFA announced today that it has taken an emergency enforcement action against Golden Point Capital Management LLC (Golden Point), an NFA Member commodity pool operator and commodity trading advisor located in Chicago, Ill., and its sole principal and associated person Glenn Graham.
This action was taken to protect pool participants and customers because of Golden Point and Graham's failure to cooperate with NFA. Due to Golden Point and Graham's lack of cooperation, NFA is unable to determine if the funds Graham withdrew from the pool operated by Golden Point and sent to either himself, Golden Point or family members were legitimate redemptions.
Effective immediately, Golden Point and Graham are suspended from NFA membership and are prohibited from disbursing or transferring any funds without NFA's prior approval. The action will remain in effect until Golden Point and Graham have demonstrated to NFA's satisfaction that they are in complete compliance with all NFA requirements.
Golden Point and Graham may request a hearing before NFA's Hearing Committee.