The United States National Futures Association (NFA) today announces that it has permanently barred commodity trading advisor Accusigma Corporation and its sole listed principal and associated person, Brent Park, from membership and from acting as a principal of an NFA Member.
The NFA decision stems from a Complaint by NFA’s Business Conduct Committee (BCC) from February 24, 2016, which found that Accusigma and Park failed to cooperate with NFA.
The complaint relates to Accusigma and Park violating NFA Compliance Rule 2-5, which provides, that “each Member and Associate shall cooperate promptly and fully with NFA in any investigation, inquiry, audit, examination or proceeding regarding compliance with NFA requirements.”
In December 2015, the NFA decided to conduct an inspection of Accusigma to check whether Park’s statements that the firm was not doing business were correct. However, at arrival at the firm, the NFA understood that the firm’s main office location, as listed in NFA’s Online Registration System, was actually a P.O. Box.
Park responded to requests for information with delay and then failed to deliver the requested documents.
The decision to bar Park and Accusigma from membership follows the submission of a settlement offer from them.
The announcement from the NFA can be viewed by clicking here.