NFA - National Futures Association

09/25/2024 | Press release | Distributed by Public on 09/25/2024 16:25

COMPLAINTS (Traders Edge Inc., Edward Francis Carr Jr., William Michael Chieco and Eugene Anthony Ratti)

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 September 25, 2024, NFA's Business Conduct Committee (BCC) issued a Complaint against Traders Edge Inc. (Traders Edge), Edward F.... Carr Jr. (Carr), William M. Chieco (Chieco), and Eugene A. Ratti (Ratti). The Complaint charges Traders Edge with using misleading and unbalanced promotional material and failing to register as a CTA. The Complaint also charges Traders Edge, Chieco and Ratti with using deceptive and misleading sales solicitations. In addition, the Complaint charges Traders Edge and Carr with failing to supervise.Read More.

Rule Type:

  • C.R.2-29(b)(1) - USE OF DECEPTIVE PROMO MATER.
  • C.R.2-29(b)(3) - BALANCED DISCUSSION RE PROFIT/RISK
  • C.R.2-29(b)(5) - REF. TO ACTUAL PAST TRADING PROFITS
  • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR
  • C.R.2-9(a) - SUPERVISION OF EMPLOYEES
  • C.R. 2-2(a) - DEFICIENT SALES SOLICITATIONS
  • C.R. 2-29(a)(1) - DEFICIENT SALES SOLICITATIONS
  • C.R.2-2(i) - ACT IN REGISTERED CAPACITY UNLESS REGISTERED

Committee:

  • Business Conduct Committee

Action Type(s):

  • GENERAL CONDUCT
  • SALES PRACTICE

Penalty/Event: