Article Summary:

Blogs about basic information in forex trading, forex participants and how to earn big in forex trading.COMPLAINT: On June 10, 2009, NFA issued a Complaint alleging that ACM failed to file required financial reports in a timely manner. The Complaint also alleged that Anderson failed to supervise ACM’s operations. ANSWER: On June 30, 2009, Anderson filed an Answer to the Complaint


Article Content:

COMPLAINT:

On June 10, 2009, NFA issued a Complaint alleging that ACM failed to file required financial reports in a timely manner. The Complaint also alleged that Anderson failed to supervise ACM’s operations.

ANSWER:

On June 30, 2009, Anderson filed an Answer to the Complaint in which he denied the material allegations contained therein.

DECISION:

On September 25, 2009, Anderson was ordered to refrain from being a principal of an NFA Member for one year; or, alternatively, if Anderson elects to become a principal of an NFA Member during the one-year period, then he was ordered to pay a ,000 fine to NFA within thirty days of becoming a principal.