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Written by 1:58 pm Blog, Securities Fraud Articles

NFA Investigates Texas Commodity Trading Advisor FINFX

National Futures Association (NFA) recently announced that it has taken an emergency enforcement action against FIN FX LLC (FINFX) and its principal, Leon L. Wolmarans. FINFX is a Commodity Trading Advisor located in Carrolton, Texas.

NFA’s investigation found that FINFX and Wolmarans attempted to solicit customers with false and misleading information, including deceptive performance claims on FINFX’s website. Additionally, FINFX and Wolmarans provided misleading information to NFA and failed to cooperate with NFA in its examination of the firm by failing to provide information and produce records requested by NFA.

Based on NFA’s investigation, NFA’s Executive Committee issued a Member Responsibility Action (MRA) and Associate Responsibility Action (ARA) against FINFX and Wolmarans which suspended them from NFA membership, effective immediately. FINFX and Wolmarans are also prohibited from soliciting or accepting funds from customers or investors and soliciting any investments for any investment vehicles. FINFX and Wolmarans are prohibited from disbursing or transferring any funds from any accounts (including securities, commodities, and forex) without prior NFA approval.

The MRA/ARA will remain in effect until such time that FINFX and Wolmarans demonstrate that they are in complete compliance with all NFA Requirements.

This information which is publicly available on NFA’s website has been provided by The White Law Group, LLC.

If you have questions about investments you made with FINFX, the securities attorneys of The White Law Group may be able to help.  To speak with a securities attorney, please call the firm’s Chicago office at 312/238-9650.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, please visit our website at https://whitesecuritieslaw.com.


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