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HARRINGTON FINANCIAL & ENERGY ADVISORS
CASE OUTCOME: PERMANENT BAR FROM NFA MEMBERSHIP
NFA ID:
0312640
Complaint:
On May 25, 2005, NFA issued a Complaint charging Harrington, Geller, Adams, Gallagher, Kaneb and Richardson with making deceptive and misleading sales solicitations. In addition, the Complaint charged Harrington and Gallagher with using a high-pressure approach. The Complaint charged Harrington and Sternfeld with failing to diligently supervise employees and agents in the conduct of their commodity futures activities. To view Complaint, go to Case Documents. For a copy of the Complaint, contact NFA. Decision:
On June 16, 2006, Harrington was barred from NFA membership and Sternfeld was barred from NFA membership, associate NFA membership or principal status with any NFA Member. Geller was ordered to withdraw from Associate NFA membership and not apply for NFA membership, associate membership or principal status with any NFA Member for six months. Should Geller be granted NFA membership, associate membership or principal status with any NFA Member following her six-month temporary bar, she was ordered to pay a $7,500 fine. In addition, Geller was ordered to tape record any and all conversations with customers or prospective customers for six months and cause any and all APs sponsored by any Member of which she is a principal to tape record any and all conversations with customers. She must promptly produce such recordings to NFA in which the participants and dates of the conversations can be readily identified. Only periods during which Geller is an NFA Member or a principal or an Associate of an NFA Member will be counted. To view the Decision, go to Case Documents. To obtain a copy, contact NFA's Information Center.
Source: National Futures Association
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