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December 06, 2001
NFA takes disciplinary action against Chicago futures firm
December 6, Chicago - National Futures Association (NFA) has taken a disciplinary action against Professional Market Brokerage, Inc. (PMB), a futures commission merchant located in Chicago, for failing to meet minimum capital requirements. Under the terms of the action, PMB is prohibited from soliciting or accepting any additional customer accounts or customer funds. PMB is also prohibited from accepting or placing trades for accounts except for liquidation of existing positions and from distributing, disbursing or transferring any funds without the prior approval of NFA.
The enforcement action will remain in effect until PMB has demonstrated to NFA's satisfaction that it is in complete compliance with all NFA requirements.
NFA is a congressionally authorized self-regulatory organization for the U.S. futures industry.