The National Futures Association has permanently expelled Lake Shore Asset Management from NFA membership.
The National Futures Association has permanently expelled Lake Shore Asset Management from NFA membership.
Lake Shore is a commodity pool operator and commodity trading adviser with headquarters in Hamilton, Bermuda.
The decision, issued by NFA’s Business Conduct Committee, is based on an NFA complaint filed in March 2009.
The committee found that Lake Shore failed to cooperate in an NFA investigation, provided false information to NFA, and used false or misleading promotional material.
The allegations from the complaint stem from a previous emergency enforcement action taken against Lake Shore in August 2007.
