Opalesque Industry Update - NFA has permanently barred Fintech Investment Group, Inc. (Fintech), a former NFA Member commodity trading advisor and forex firm located in Winter Park, Fla., and its former sole principal and associated person Alan Friedland from membership and from acting as a principal of an NFA Member. 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 Fintech and Friedland. The Complaint charged Fintech and Friedland with failing to cooperate fully and promptly with NFA by failing to provide requested records regarding Fintech, Friedland and Compcoin LLC, an affiliate of Fintech that was wholly owned by Friedland.
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