On September 25, 2009, the NFA issued a complaint charging Income Plus Asset Management Inc and its principal William Fischbach with failing to cooperate fully and promptly with NFA. On October 28, 2009, IPAM was ordered to never again apply for NFA membership or act as a principal of an NFA Member. Fischbach was ordered to never again apply for NFA membership or associate membership or act as a principal of an NFA Member.