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For Immediate Release
February 28, 2022

For more information contact:

Christie Hillsman, 312-781-1497, chillsman@nfa.futures.org
Karen Wuertz, 312-781-1335, kwuertz@nfa.futures.org

NFA orders Newport Beach, Calif. commodity trading advisor Plus EV Capital LLC never to reapply for NFA membership

February 28, Chicago—NFA has ordered Plus EV Capital LLC (EV Capital), a former NFA Member commodity trading advisor located in Newport Beach, Calif., never to reapply for membership or act as a principal of an NFA Member. NFA also ordered Rohit Chopra, EV Capital's sole owner, principal and associated person, not to reapply for membership or act as a principal of an NFA Member for three years. If Chopra seeks NFA membership following the three-year period, he must pay a $100,000 fine.

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 EV Capital and Chopra, in which they neither admitted nor denied the allegations. The Complaint alleges that EV Capital and Chopra placed unauthorized trades in customers' accounts, misrepresented to customers about the trades placed in their accounts, made highly risky trades in a customer's account and manipulated allocation instructions to benefit Chopra to the detriment of customers.

The complete text of the Complaint and Decision can be viewed on NFA's website.

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