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DUNHILL INVESTMENTS CORPORATION
CASE OUTCOME: Registration Revoked
NFA ID:
0212041
Overview:
WASHINGTON -- The Commodity Futures Trading Commission (Commission) announced today that it has accepted offers of settlement submitted by Dunhill Investments Corporation, doing business as Oxford Investments, an introducing broker; Tony W. Steigerwald of San Diego, California; and Seymour Reis of Boca Raton, Florida. Oxford Investments maintained offices in Boca Raton, Florida, and in Emeryville and San Diego, California, from June 1988 until May 1990 and specialized in the sale of exchange- traded options. The settlement resolves a two-count administrative complaint filed by the Commission on September 18, 1990, charging the respondents with fraud and failure to supervise diligently the handling of commodity accounts. Oxford Investments, Steigerwald and Reis, without admitting or denying the allegations in the Commission's complaint, have consented to the entry of a Commission order finding that they violated the anti-fraud provisions of the Commodity Exchange Act and failed to supervise diligently the handling of commodity accounts as alleged in the complaint. Under terms of the Commission's order, the respondents have agreed to cease and desist from further violations of those provisions. In addition, Reis has consented to an order revoking his registration as an associated person, and Oxford Investments has consented to an order revoking its registration as an introducing broker. Finally, the three respondents have agreed to cooperate fully with the Commission in these and related proceedings and to never seek registration with the Commission in any capacity or to act in any capacity that requires registration with the Commission.
Source: National Futures Association
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