NFA ACTION: Wholesale Asset Management

The NFA’s Business Conduct Committee issued a Complaint against Wholesale Asset Management, a commodity trading advisor Member of NFA, and Coad, the sole principal and associated person of Wholesale Asset Management and an NFA Associate. The Complaint alleged that Wholesale Asset Management and Coad failed to cooperate with NFA in its audit of Wholesale Asset Management, in violation of NFA Compliance Rule 2-5.
Accordingly, the Committee hereby permanently bars Wholesale Asset Management from NFA membership and from acting as a principal of an NFA Member and permanently bars Coad from NFA membership and associate membership and from acting as a principal of an NFA Member.

The NFA’s Business Conduct Committee issued a Complaint against Wholesale Asset Management, a commodity trading advisor Member of NFA, and Coad, the sole principal and associated person of Wholesale Asset Management and an NFA Associate. The Complaint alleged that Wholesale Asset Management and Coad failed to cooperate with NFA in its audit of Wholesale Asset Management, in violation of NFA Compliance Rule 2-5.

Accordingly, the Committee hereby permanently bars Wholesale Asset Management from NFA membership and from acting as a principal of an NFA Member and permanently bars Coad from NFA membership and associate membership and from acting as a principal of an NFA Member.

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