NFA Fines Avail Trading, David Manoukian $30k for Multiple Violations

Avail Trading and David Manoukian have settled with the NFA following a complaint earlier this year.

California-based Avail Trading Corp. and its co-owner David Manoukian have agreed to settlement charges with the National Futures Association (NFA), along with a $30,000 fine following a previous complaint back in June 2016, according to an NFA regulatory filing.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

Suggested articles

The Full Crypto Trading in FBS TraderGo to article >>

Earlier this year, the NFA’s Business Conduct Committee (BCC) issued a formal complaint against Avail Trading Corp andDavid Manoukian, for failing to maintain an obligatory minimum adjusted net capital, which both the group and Mr. Manoukian ultimately failed to properly supervise.

In addition, the NFA action against Avail Trading concerned a number of alleged violations including the firm’s reliance on the method of first-in-first-out (FIFO) order routing, as well as lapses in observing high standards of commercial honor, among other items noted in the complaint.

Following a response from Avail Trading and Mr. Manoukian back in August, the NFA has accepted a settlement offer, also imposing a $30,000 fine on both the group and Mr. Manoukian.

Got a news tip? Let Us Know