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March 12, 2019
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NFA bars former El Segundo, Calif. commodity pool operator Quants Capital Management, Inc. and its former principal Gokhan Kisacikoglu from membership for one year
March 12, Chicago—NFA has barred former El Segundo, Calif., commodity pool operator Quants Capital Management, Inc. (Quants) and its former principal and associated person Gokhan Kisacikoglu from membership for one year. NFA also permanently barred Quants and Kisacikoglu from acting as a principal of an NFA Member.
The Decision, issued by an NFA Hearing Panel, is based on a Complaint issued by NFA's Business Conduct Committee. The Hearing Panel found that Quants and Kisacikoglu used misleading and deceptive promotional material that included unsubstantiated positive performance information and presented hypothetical information as if it were actual performance. The Hearing Panel also found that Quants failed to prepare and distribute required monthly account statements.
In September 2013, Quants and Kisacikoglu were ordered to pay a fine for failing to comply with recordkeeping requirements. See the related Complaint and Decision.
The complete text of the most recent Complaint and Decision can be viewed on NFA's website.