Aggregated News From Investment Management Regulators

NFA orders London, U.K. introducing broker Freight Investor Services Limited to pay a $140,000 fine


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NFA has ordered Freight Investor Services Limited (Freight), an NFA Member introducing broker located in London, U.K., to pay a $140,000 fine.

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 Freight, in which it neither admitted nor denied the allegations. The Committee found that Freight failed to keep full, complete and systematic records of all transactions relating to Freight’s business of dealing in commodity interests. The Committee also found that Freight allowed an unregistered individual to act as an associated person without being registered in such capacity and an NFA Associate.

The complete text of the Complaint and Decision can be viewed on NFA’s website.

This news item was originally published by the National Futures Association (NFA US). For more information, please see the Source Link.

Regulator Information

Abbreviation: NFA
Jurisdiction: United States

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