NFA - National Futures Association

01/13/2021 | Press release | Distributed by Public on 01/13/2021 14:51

NFA permanently bars former Orland Park, Ill. introducing broker LTG Trading LLC and bars its former principal Gary Fullett from membership for five years

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For Immediate Release
January 13, 2021

For more information contact:

Kristen Scaletta, 312-781-7860, [email protected]
Karen Wuertz, 312-781-1335, [email protected]

NFA permanently bars former Orland Park, Ill. introducing broker LTG Trading LLC and bars its former principal Gary Fullett from membership for five years

January 13, Chicago-NFA has permanently barred LTG Trading LLC (LTG), a former NFA Member and current CFTC registered introducing broker located in Orland Park, Ill., from membership and from acting as a principal of an NFA Member. NFA also barred Gary Fullett, LTG's former sole principal and associated person, from NFA membership and from acting as a principal of an NFA Member for five years.

The Decision, issued by an NFA Hearing Panel, is based on a Complaint issued by NFA's Business Conduct Committee and a settlement offer submitted by LTG and Fullett. The Panel found that LTG and Fullett failed to uphold the high standards of commercial honor and just and equitable principles of trade. The Panel also found that LTG and Fullett failed to obtain the required written authorizations from customers to trade their accounts on a discretionary basis, made misleading and deceptive sales solicitations and used misleading and deceptive promotional material.

For more information, read the Complaint and Decision.