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Christie von Ohlen, 312-781-1497, cvonohlen@nfa.futures.org
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NFA orders London, United Kingdom introducing broker Sigma Broking Limited to pay a $150,000 fine

May 28, Chicago--NFA has ordered Sigma Broking Limited (Sigma Broking) to pay a $150,000 fine. Sigma Broking is an introducing broker Member of NFA located in London, United Kingdom.

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 Sigma Broking, in which the firm neither admitted nor denied the allegations in the Complaint.

In its Decision, the Hearing Panel found that Sigma Broking failed to conduct annual anti-money laundering audits, in violation of NFA Compliance Rule 2-9(c); failed to keep written pre-trade communications readily accessible, in violation of NFA Compliance Rule 2-10(a); and failed to supervise, in violation of NFA Compliance Rule 2-9(a).

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