NFA Issues Order Against Forex Firm Trinity Trading and its Principal, Blocking Membership Reapplication

The National Futures Association (NFA) has ordered Trinity Trading Group LLC (Trinity Trading), an Orlando, Florida-based commodity pool operator and commodity trading advisor, and former NFA member forex firm, not to reapply for NFA membership, act as a principal of an NFA member, or be listed as a principal of an NFA Member. NFA has further ordered that Bruce R. Schock (Schock), a former NFA Associate and prior principal of Trinity Trading, not apply for NFA membership, or reapply for NFA associate membership, or act or be listed as a principal of an NFA Member.

The Decision, issued by NFA's Business Conduct Committee (BCC), is based on a Complaint issued by the BCC and a settlement offer submitted by Trinity Trading and Schock, in which they neither admitted nor denied the allegations in the Complaint. In its Decision, the BCC found that Trinity Trading and Schock committed the violations alleged against them in the Complaint.

Among other charges, the BCC's Complaint alleged that Trinity Trading failed to create and maintain required records, failed to distribute disclosure documents and account statements to pool participants, and commingled pool assets; and permitted unregistered individuals to act as associated persons without being NFA Associates. 

The Complaint further alleged Trinity Trading and Schock failed to observe high standards of commercial honor and just and equitable principles of trade in their dealings with Trinity Trading investors; and failed to comply with NFA promotional material requirements. Finally, the Complaint alleged Trinity Trading and Schock failed to supervise.