NFA Issues Permanent Ban on Chazon QTA Trading Artists, Lawrence Fejokwu

The National Futures Association (NFA) has permanently barred Chazon QTA Quantitative Trading Artists LLC (Chazon), an NFA Member commodity pool

nfaThe National Futures Association (NFA) has permanently barred Chazon QTA Quantitative Trading Artists LLC (Chazon), an NFA Member commodity pool operator (CPO), from NFA membership.

Two weeks ago, the NFA published a Complaint settlement with Global Futures Exchange & Trading Company (GFETC). GFETC operated under numerous past and current brands including Global Futures, Lions Futures and TradingIndex – it is a registered US Introducing Broker and Forex Firm with Kattayoun Hakimian as its President.

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In its most recent action, the NFA took action against Chazon and its principal for violating NFA rules and not outwardly abstaining from reporting requisite bank records and information, as directed by the US regulator.

In addition to the permanent ban levied against Chazon, the NFA also issued a lifetime ban from membership against the firm’s principal, Lawrence I. Fejokwu. The ban also carries the weight of a further injunction, preventing both Chazon and Mr. Fejokwu from acting as principals of an NFA Member.

The decision garnered by the NFA hearing panel dates back to a complaint launched by the NFA’s Business Conduct Committee back on May 15, 2014.

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