NFA - National Futures Association

10/30/2024 | Press release | Distributed by Public on 10/30/2024 12:38

DECISION IN DISCIPLINARY CASES (Scalebuilder LLC)

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 August 15, 2024, NFA's Business Conduct Committee (BCC) issued a Complaint against Scalebuilder LLC (Scalebuilder), charging the ... firm with allowing unregistered individuals to act as associated persons without being NFA Associates and failing to timely report individuals as principals of the firm. The BCC Complaint also charges Scalebuilder with a failure to supervise.

DECISION:

On October 30, 2024, NFA's BCC issued a Decision, pursuant to a settlement offer, ordering Scalebuilder to pay a $200,000 fine and adhere to undertakings, in accordance with the terms of a side letter executed in connection with the Offer.Read More.

Rule Type:

  • BLAW301(b) - REGISTRATION OF APS AS ASSOCIATES
  • R.R.208 - CHANGES REQUIRING NEW REGISTRATION
  • C.R.2-9(a) - SUPERVISION OF EMPLOYEES

Committee:

  • Business Conduct Committee

Action Type(s):

  • GENERAL CONDUCT
  • REGISTRATION

Penalty/Event:

  • FINE $200,000
  • OTHER--SEE NARRATIVE