NFA fines Brandywine Asset Management over un-filed pool reports
The US National Futures Association has ordered Brandywine Asset Management (Brandywine), a Commodity Pool Operator located in Thornton, Pennsylvania, to pay a fine of USD 35,000 for failure to file annual pool reports.
The Decision, issued by an NFA Hearing Panel, is based on a Complaint filed in October 2006 and a settlement offer submitted by Brandywine.
The Hearing Panel found that Brandywine failed to meet NFA filing deadlines for annual reports for ten pools that Brandywine operated in 2005 and annual reports for three pools that Brandywine operated in 2004. In addition to the fine, Brandywine must file on or before 31 July 2007, all un-filed 2004 and 2005 annual reports for those commodity pools.
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