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November 6, 2019
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NFA orders Jersey City, N.J. commodity pool operator and commodity trading advisor Golden Meadow Investments LLC to both withdraw from and never again apply for NFA membership
November 6, Chicago—NFA has ordered Golden Meadow Investments LLC (Golden Meadow), an NFA Member commodity pool operator and commodity trading advisor located in Jersey City, N.J., to both withdraw from and never again apply for NFA membership or principal status with any NFA Member.
The Decision, issued by an NFA Hearing Panel, is based on a Complaint issued by NFA's Business Conduct Committee, and a settlement offer submitted by Golden Meadow. The Complaint alleged that Golden Meadow failed to produce books and records for one of Golden Meadow's principals, Global Time Investment, which Golden Meadow had represented was the majority owner. NFA had requested these records to determine, among other things, who controlled Global Time Investment, if it held any customer funds, and if all of its funds were from legitimate sources.
The complete text of the Complaint and Decision can be viewed on NFA's website.