Commodity Brokers Online - Custom Search
|
Enter Search Keyword(s):
Custom Search for 1,000 + Commodity Webpages. All Sites have been Reviewed and Categorized by
CommodityFuturesSearch.com
|
Commodity Trading Resources
|
|
CARHARTT LP AND COMPANY, INC
CASE OUTCOME: EXPELLED FROM MEMBERSHIP
NFA ID:
0192585
Individuals Involved:
LAWRENCE PALMS CARHARTT
Complaint:
ON NOVEMBER 23, 1994, NFA'S BUSINESS CONDUCT COMMITTEE ("BCC") ISSUED A COMPLAINT TO L.P. CARHARTT & COMPANY, INC. ("CARHARTT & CO.") AND LAWRENCE P. CARHARTT ("LAWRENCE CARHARTT"). THE COMPLAINT ALLEGES THAT CARHARTT & CO. AND LAWRENCE CARHARTT USED MISLEADING PROMOTIONAL MATERIAL, IN VIOLATION OF NFA COMPLIANCE RULE 2-29(b), AND ALSO FAILED TO COMPLY WITH THE TERMS OF A PRIOR DISCIPLINARY DECISION, IN VIOLATION OF NFA COMPLIANCE RULE 2-4. THE COMPLAINT FURTHER ALLEGES THAT CARHARTT & CO. FAILED TO PROVIDE A DISCLOSURE DOCUMENT TO A CUSTOMER, IN VIOLATION OF NFA COMPLIANCE RULE 2-13, AND ALSO FAILED TO NOTIFY NFA OF THE TERMINATION OF ASSOCIATED PERSONS, IN VIOLATION OF NFA REGISTRATION RULE 214. FINALLY, THE COMPLAINT ALLEGES THAT LAWRENCE CARHARTT IS THE CAUSE OF CARHARTT & CO.'S VIOLATIONS OF NFA COMPLIANCE RULE 2-13 AND NFA REGISTRATION RULE 214. Decision:
ON MARCH 8, 1995, NFA'S BCC ISSUED A DEFAULT DECISION TO CARHART & CO. AND LAWRENCE CARHARTT. THE BCC ORDERED CARHARTT & CO. EXPELLED FROM NFA MEMBERSHIP AND LAWRENCE CARHARTT BARRED FROM ACTING AS A PRINCIPAL OF AN NFA MEMBER FOR FIVE YEARS. THIS DECISION BECOMES EFFECTIVE MARCH 23, 1995.
Source: National Futures Association
Visit:
|