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October 20, 2020
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NFA orders Colorado commodity pool operator Highland Quantitative Driven Investments LLC to withdraw from and not reapply for NFA membership
October 20, Chicago—NFA has ordered Highland Quantitative Driven Investments LLC (Highland), an NFA Member commodity pool operator located in Colorado, to withdraw from and not reapply for NFA membership.
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 Highland. The Complaint alleged that Highland engaged in a course of conduct that furthered its interests over the interests of participants in the Highland Quantitative Investment Fund, LP (Fund), a commodity pool operated by Highland. Specifically, Highland permitted the Fund to make improper advances and a prohibited loan to an affiliated non-Member company. The Complaint also alleged that, among other things, Highland failed to diligently supervise the firm's operations.
For more information, read the Complaint and Decision.