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September 17, 2001
NFA bars former AP of FSG International, Inc.
September 17, Chicago - John B. Wilson, a former associated person of FSG International, Inc., an introducing broker NFA Member located in Lauderhill, Florida, agreed in a settlement offer to be barred from NFA membership and Associate membership for two years. The Complaint alleged that while working as an AP for FSG International, Wilson made a deceptive and misleading solicitation to a customer which downplayed the speculative and risky nature of options and suggested that options trading was a relatively easy way to make large profits in a short time with very little risk.
In addition to being barred from membership for two years, Wilson also agreed to tape record all conversations with customers and prospective customers for 12 months should he again become an NFA Member. In making his offer of settlement, Wilson neither admitted nor denied the allegations against him.
NFA is a congressionally authorized self-regulatory organization for the U.S. futures industry.