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 March 18, 2024, NFA's Business Conduct Committee (BCC) issued a Complaint against Rimar Capital LLC (Rimar Capital) and Itai Royi... Liptz (Liptz). The Complaint charges Rimar Capital and Liptz with using misleading promotional material and communications; acting contrary to just and equitable principles; and failing to supervise. The Complaint also charges Rimar Capital with allowing an unregistered individual to act as an associated person without being registered in such capacity and an NFA Associate.

DECISION:

On July 3, 2024, NFA's BCC issued a Decision, pursuant to Rimar Capital and Liptz's settlement offer, and ordered Rimar Capital to withdraw from NFA membership by no later than July 15, 2024, and not reapply for NFA membership or act as a principal of an NFA Member for 30 months from the date of its withdrawal. The BCC also ordered Liptz to withdraw from NFA associate membership and as a principal of Rimar Capital by no later than July 15, 2024, and not apply for NFA membership, reapply for NFA associate membership, or act or be listed as a principal of an NFA Member for 30 months from the date of his withdrawal. The BCC further ordered Rimar Capital and Liptz to pay a $90,000 fine, jointly and severally, to NFA if Rimar Capital and/or Liptz apply for NFA membership, NFA associate membership or principal status with an NFA Member, following the expiration of the 30-month period.Read More.

Rule Type:

• BLAW301(b) - REGISTRATION OF APS AS ASSOCIATES
• C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS
• C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB.
• C.R.2-29(b)(1) - USE OF DECEPTIVE PROMO MATER.
• C.R.2-29(b)(2) - MISSTATEMT/OMISSION OF FACT PROMP
• C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR
• C.R.2-9(a) - SUPERVISION OF EMPLOYEES
• C.R.2-29(c)(1) - HYPOTHETICAL PERFORMANCE RESULTS DISCLAIMER

Committee:

• Business Conduct Committee

Action Type(s):

• GENERAL CONDUCT
• REGISTRATION
• SALES PRACTICE

Penalty/Event:

• TEMPORARY WITHDRAWAL FROM NFA MEMBERSHIP
• FINE (JOINTLY AND SEVERALLY) $90,000
• TEMPORARY WITHDRAWAL FROM PRINCIPAL STATUS
• FINE (CONTINGENT) $90,000
• TEMPORARY NFA MEMBERSHIP RESTRICTIONS

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