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Christie von Ohlen, 312-781-1497, cvonohlen@nfa.futures.org
Karen Wuertz, 312-781-1335, kwuertz@nfa.futures.org

NFA orders New York, N.Y. futures commission merchant Lime Trading Corp. to pay a $100,000 fine

February 6, Chicago—NFA has ordered Lime Trading Corp. (Lime Trading) to pay a $100,000 fine. Lime Trading is a futures commission merchant Member of NFA located in New York, N.Y.

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 Lime Trading, in which the firm neither admitted nor denied the allegations of the Complaint. The Complaint charged Lime Trading with failing to file various required financial reports and notifications timely with NFA, in apparent violation of NFA Financial Requirements Sections 1(e) and 16(e). The Complaint also charged Lime Trading with a failure to supervise, in apparent violation of NFA Compliance Rule 2-9(a).

In its Decision, the BCC found that Lime Trading violated NFA Financial Requirements Sections 1(e) and 16(e), and NFA Compliance Rule 2-9(a). The BCC's Decision further ordered Lime Trading to cease and desist from violating NFA Financial Requirements Sections 1(e) and 16(e) and NFA Compliance Rule 2-9(a).

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