Shipkevich Bitcoin and ICO Attorney
Felix Shipkevich February 5, 2010

The NFA has accepted Capital FX LLC’s settlement offer to permanently withdraw from NFA membership. CFX is a Commodity Trading Advisor located in Elizaville, New York. The NFA ordered Robert W. Pecord, its sole principal and employee, to permanently withdraw from NFA membership. The Decision, issued by NFA’s Business Conduct Committee, is based on an NFA Complaint filed in December 2009 and a settlement offer submitted by CFX and Pecord.

The Complaint charged that CFX and Pecord provided false and misleading information to NFA and failed to cooperate with NFA in its investigation of the firm. The Complaint also charged CFX with using an inaccurate disclosure document.