copied from the nfa website
On December 4, 2012, NFA issued a Complaint charging Smith with using misleading promotional material and failing to produce records to NFA.
On January 4, 2013, Smith filed an Answer to the Complaint in which he denied the material allegations contained therein.
On June 5, 2013, pursuant to a settlement offer submitted by Smith, he was ordered to pay a $10,000 fine. Smith was also ordered, for two years, to submit all futures and forex promotional material used by Smith – and any firm of which he is a principal – to NFA’s Advertising Regulatory Team (ART) promptly after first using such promotional material; provided, however, that, after one year, NFA’s ART may, in its sole discretion, discharge Smith – and any firm of which he is a principal – from any further obligation to submit such promotional material to NFA.
|0006615||SMITH, COURTNEY DAVID||• C.R.2-5 – FAILURE TO COOPERATE W/ NFA|
|• C.R.2-29(b)(1) – USE OF DECEPTIVE PROMO MATER.|
|• C.R.2-36(b)(1) – CHEAT, DEFRAUD, DECEIVE FOREX CUSTOMERS|
|• C.R.2-29(b)(2) – MISSTATEMT/OMISSION OF FACT PROMP|