NFA bars 1 FX TRADER LLC and David Arena

COMPLAINT:

On December 16, 2009, NFA issued a Complaint charging FXT with cheating, defrauding or deceiving another person or attempting to do so; presenting hypothetical performance without required disclaimers and information; failing to submit promotional material prior to first use; failing to provide customers with a disclosure document; and failing to cooperate with NFA. The Complaint also charged FXT and Arena with willfully submitting false or misleading information to NFA; and failing to supervise.

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