News Releases2019 | 2018 | 2017 | 2016 | 2015 | Show more years
May 22, 2019
NFA orders Chicago, Ill. commodity pool operator and commodity trading advisor Golden Point Capital Management LLC and its sole principal Glenn Graham to both withdraw from and not reapply for NFA membership
May 22, Chicago—NFA has ordered 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, to both withdraw from and not reapply for NFA membership, in any capacity, or act 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 (BCC), and a settlement offer submitted by Golden Point and Graham. The Complaint alleged that Golden Point and Graham failed to cooperate promptly and fully with NFA during its 2018 examination of Golden Point.
In June 2018, NFA issued an emergency enforcement action against Golden Point and Graham, which suspended them from NFA membership and prohibited them from disbursing or transferring any funds without NFA's prior approval. 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 was 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.