http://goo.gl/4Jn7g

Recently folks have asked about penalties for failing to comply with
records management requirements?  Here's a case wher ea firm is being
penalized and the penalties will also have an impact on their investors,
seeing as they cannot place orders, trades, or disburse or transfer funds
of customers, investors or pool participants.

Wonder what the financial impacts could be if there is a serious market
change while this is in place?


Snipped from article
"TS Capital Management has failed to cooperate with NFA in its audit and
investigation of the firm by failing to produce books and records and other
information requested by NFA. During its audit, NFA learned that TS Capital
Management is affiliated with several unregistered entities operated by
Stroud.

TS Capital Management is prohibited from soliciting or accepting any funds
or investments for any pools or other investment vehicles over which TS
Capital Management or any of its principals, including Stroud, exercises
control and from placing any trades. The MRA also prohibits TS Capital
Management from disbursing or transferring any funds of customers,
investors, pool participants or commodity pools over which it exercises
control without prior NFA approval."

-- 
*Lawrence J. Medina
Danville, CA
RIM Professional since 1972*

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