NFA orders New York, N.Y. introducing broker Tullett Prebon Financial Services LLC to pay a $150,000 fine

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Published
Aug 5th '21
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National Futures Association (NFA) has ordered New York, N.Y. introducing broker Tullett Prebon Financial Services LLC (TPFS) to pay a $150,000 fine.

 

The Decision, issued by NFA’s Business Conduct Committee (BCC), is based on a Complaint issued by the BCC and a settlement offer submitted by TPFS, in which it neither admitted nor denied the allegations. The Committee found that TPFS failed to keep full, complete and systematic records of all transactions relating to TPFS’s business of dealing in commodity interests. The Committee also found that TPFS failed to supervise its employees’ recordkeeping activities and failed to review and supervise its associated persons’ communications.

 

The complete text of the Complaint and Decision can be viewed on NFA’s website.

 

Source: NFA