News Releases

For more information contact:
Christie Hillsman, 312-781-1497, chillsman@nfa.futures.org
Karen Wuertz, 312-781-1335, kwuertz@nfa.futures.org

NFA bars John Marc Schwaebe, a former associated person, from membership for seven years

September 17, Chicago—NFA has barred John Marc Schwaebe from NFA membership for seven years and from acting as a principal of an NFA Member for nine years. Schwaebe was an associated person (AP) at the Carlsbad, Calif. branch office of an NFA Member introducing broker (IB).

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 Schwaebe. The BCC found that Schwaebe assisted a former NFA Associate in perpetrating a trade allocation scheme. The BCC also found that Schwaebe failed to comply with the terms of a Member Responsibility Action (MRA) issued by NFA's Executive Committee, by assisting the former NFA Associate in circumventing the restrictions imposed by the MRA.

The complete text of the Complaint and Decision can be viewed on NFA's website.