NFA permanently banned a former CPO/CTA for submitting uncertified liquidation and annual financial statements.
According to NFA, the CPO/CTA filed (i) unaudited annual pool financial statements without being certified by an independent public accountant and (ii) unaudited liquidation statements after terminating and liquidating certain pools. In 2018, the CPO/CTA's former chief financial officer informed NFA that the CPO/CTA stopped all operations and ceased to exist as a legal entity. NFA found that, despite advising the CPO/CTA that it must still submit a certified annual statement and liquidation statement, the CPO/CTA was non-responsive.
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