Opalesque Industry Update - The National Futures Association (NFA), the self-regulatory organization for the U.S. derivatives industry, has ordered Golden Meadow Investments to both withdraw from and never again apply for NFA membership or principal status with any NFA Member. Golden Meadow is an NFA Member commodity pool operator and commodity trading advisor located in Jersey City, N.J. 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 Golden Meadow. The Complaint alleged that Golden Meadow failed to produce books and records for one of Golden Meadow's principals, Global Time Investment, which Golden Meadow had represented was the majority owner. NFA had requested these records to determine, among other things, who controlled Global Time Investment, if it held any customer funds, and if all of its funds were from legitimate sources. Article source - Opalesque is not responsible for the content of external internet sites |
Industry Updates
NFA orders Golden Meadow Investments to both withdraw from and never again apply for NFA membership
Thursday, November 07, 2019
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