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May 29, 2019
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NFA orders New Canaan, Conn. former commodity pool operator and commodity trading advisor Almas Capital Management LLC and its former sole principal Mark Nichols to both not reapply for NFA membership
May 29, Chicago—NFA has ordered New Canaan, Conn. former commodity pool operator and commodity trading advisor Almas Capital Management LLC (Almas Capital) and its former sole principal and associated person Mark Nichols to both 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 Almas Capital and Nichols. The Complaint alleged that Almas Capital and Nichols failed to cooperate promptly and fully with NFA during its 2018 examination of Almas Capital.
The complete text of the Complaint and Decision can be viewed on NFA's website.