DECISION IN DISCIPLINARY CASES (California Managed Accounts, Inc and Arthur Peck Bartholomew III)

Case Documents:

Amended AnswerAmended ComplaintAmended DecisionAmended Notice Of IntentAmended Notice Of Member Responsibility ActionAnswerAppeals Committee DecisionCftc DecisionCftc OrderCircuit Court AppealComplaintDecisionFederal Court OrderFinal OrderInterim OrderNfa ReplyNoticeNotice And Order Lifting Member Responsibility ActionNotice And Order Lifting Suspension Of MembershipNotice And Order Of SuspensionNotice Of AppealNotice Of Associate Responsibility ActionNotice Of IntentNotice Of Member Responsibility ActionNotice Of Suspension Of MembershipNotice Of Termination Of AraNotice Of Termination Of Member Responsibility ActionOrderOrder Denying PetitionOrder Lifting ConditionsOrder Of DismissalPetition To StayResponse To Amended Notice Of IntentResponse To Notice Of IntentWithdrawal Of Notice Of Intent

Narrative Summary:

COMPLAINT:

On May 22, 2024, NFA's Business Conduct Committee (BCC) issued a Complaint against California Managed Accounts, Inc. (California Man... aged Accounts) and Arthur Peck Bartholomew III (Bartholomew). The Complaint charges California Managed Accounts with failing to provide anti-money laundering training for appropriate personnel. The Complaint also charges California Managed Accounts and Bartholomew with failing to provide cybersecurity training to appropriate personnel and failing to supervise.

DECISION:

On July 26, 2024, NFA's BCC issued a Decision, pursuant to a settlement offer, ordering California Managed Accounts and Bartholomew to pay a $10,000 fine, for which they are jointly and severally liable.Read More.

Rule Type:

• C.R.2-9(a) - SUPERVISION OF EMPLOYEES
• C.R.2-9(c) - ANTI-MONEY LAUNDERING PROGRAM

Committee:

• Business Conduct Committee

Action Type(s):

• GENERAL CONDUCT

Penalty/Event:

• FINE (JOINTLY AND SEVERALLY) $10,000

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