NFA ACTION: ACM USA LLC

NFA issued a Complaint against ACM USA LLC, a registered FMC and former forex dealer member. The Complaint also named Edward George Anderson, the chief executive officer and an associated person of ACM and an NFA Associate, as a respondent. It alleged that ACM violated NFA Financial Requirements Section 1 by failing to file monthly financial reports and its 2008 annual certified financial statement in the time prescribed by NFA Financial Requirements Section 1. The Complaint also alleged that Anderson violated NFA Compliance Rule 2-9 by failing to adequately supervise ACM’s operations to secure the firm’s compliance with NFA’s financial reporting requirements. Anderson submitted an offer in response, which the NFA accepted.

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