NFA denies registration on account of willful omission

On December 26, 2008, Chris Cameron filed an application to become registered with the Commodity Futures Trading Commission as a Floor Trader. On September 16, 2009, the NFA issued a Notice of Intent to Deny Registration to Cameron. The Notice alleged that on June 15, 2005, Cameron pled nolo contendere to the felony offense of fleeing and eluding, which disqualifies him from registration under Section Sa(3)(H) of the Act. The Notice further alleged that Cameron failed to disclose that he pled nolo contendere to a felony on his application for registration as an FT, which disqualifies him from registration under Section 8a(2)(G) of the Act. On September 18, 2OOg, Cameron filed a Response to the Notice in which he did not dispute the allegations in the Notice but represented that he intended to show that his registration would not pose a substantial risk to the public. The NFA subsequently issued a Final Order denying registration.

About The Author

Felix Shipkevich

Felix Shipkevich is a Manhattan-based attorney and general counsel for Shipkevich Law Firm. He has extensive experience working with the CFTC and NFA on registration, compliance, and enforcement issues for CPOs, CTAs, FCMs, IBs, and RFEDs. Felix also practices intellectual property and corporate governance law.