The NFA permanently barred from NFA membership ACJ Capital, Inc. and its principal, Angel F. Collazo. The Business Committee found that ACJ and Collazo provided false information to customers about the performance of their accounts by providing fictitious account statements which showed significant equity, when in fact, most, if not all of their equity was lost. The Committee also found that ACJ and Collazo failed to observe high standards and equitable principles of trade in the conduct of their foreign currency exchange business. ACJ and Collazo did not file an Answer to the Complaint nor did they respond to it in any way.
The Decision, issued by NFA’s Business Conduct Committee, is based on an NFA Complaint filed in November 2009.