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For Immediate Release
August 06, 2020

For more information contact:
Kristen Scaletta, 312-781-7860, kscaletta@nfa.futures.org
Karen Wuertz, 312-781-1335, kwuertz@nfa.futures.org

NFA orders former Chicago, Ill. introducing broker Postrock Brokerage LLC to not reapply for membership

August 6, Chicago—NFA has ordered Postrock Brokerage LLC (Postrock), a former NFA Member introducing broker located in Chicago, Ill., to not reapply for membership.

The Decision, issued by NFA's Business Conduct Committee (BCC), is based on a Complaint issued by the BCC and a settlement offer submitted by Postrock and Kevin Meyer, Postrock's owner and sole managing member. Among other things, the Complaint alleged that Postrock made misleading statements and misrepresentations to customers and placed unauthorized trades in customers' accounts or exercised discretion over customers' accounts without having written authority. In addition, the Complaint alleged that Postrock placed trades for customers which offered no economic benefit.

For more information, read the Complaint and Decision.

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