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August 24, 2020
NFA orders former associated person Nicholas Charles Gunther to not reapply for NFA membership
August 24, Chicago—NFA has ordered Nicholas Charles Gunther to not reapply for NFA membership or act as a principal of an NFA Member. Gunther was an associated person (AP) of former Chicago, Ill. NFA Member introducing broker Long Leaf Trading Group, Inc. (Long Leaf).
The Decision, issued by an NFA Hearing Panel, was based on a Complaint issued by NFA's Business Conduct Committee (BCC) and a settlement offer submitted by Gunther. The Complaint alleged that Gunther, while an AP of Long Leaf, among other things, made misleading sales solicitations that exaggerated profit potential and failed to disclose that over 95% of Long Leaf's customers lost money.