Texas Commodity Trading Advisor FIN FX LLC Now Subject to NFA Emergency Enforcement Action

The National Futures Association has taken an emergency enforcement action against FIN FX LLC (FINFX) and its principal Leon L. Wolmarans. FIN FX LLC is a Texas Commodity Trading Advisor.

According to NFA, FIN FX LLC and Wolmarans used misleading and false information to solicit customers. The advisor even allegedly published deceptive performance claims on its company Web side and not cooperating with the NFA during the latter’s examination of the financial firm.

NFA’s Executive Committee has issued an Associate Responsibility Action (ARA) and a Member Responsibility Action (MRA) against Wolmarans and FIN FX LLC. The two are also suspended from NFA membership and are not allowed to solicit or accept money from investors or customers or solicit investments from investment vehicles. They also cannot transfer or disburse funds from any commodities, securities, forex, or any other accounts without NFA approval first. The enforcement actions will stay in effect until FIN FX and its principal show that they are now in compliance with NFA requirements.

If you are someone who suffered financial losses because a financial adviser gave you misleading information, you may be the victim of investment adviser fraud. Our Texas securities fraud lawyers know how upsetting it can be to lose money after placing your trust in someone who should have been helping you make decisions that are in your best financial interests. Fortunately, there may be a way to recoup your losses.

Related Web Resources:
NFA takes emergency enforcement action against Texas CTA FIN FX LLC and its principal, ForexMagnates, April 26, 2011
National Futures Association

More Blog Posts:

Texas Securities Fraud: FINRA Suspends Pinnacle Partners Over Failure to Comply with Temporary Cease and Desist Order Involving “Boiler Room” Operation, Stockbroker Fraud Blog, April 19, 2011
Texas Securities Fraud Lawsuit Against MetroPCS Communications is Dismissed, Stockbroker Fraud Blog, April 11, 2011
Texas Securities Fraud: SEC Charges Talk Radio “MoneyMan” Over Promissory Note Offerings, Stockbroker Fraud Blog, April 4, 2011
Shepherd Smith Edwards & Kantas LTD LLP has offices in Houston and Dallas. Contact our Texas stockbroker fraud lawyers today.

Contact Information