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National Futures Association
Year 1982Regulated by Government
National Futures Association (NFA) is the industrywide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs. Designated by the CFTC as a registered futures association, NFA strives every day to safeguard the integrity of the derivatives markets, protect investors and ensure Members meet their regulatory responsibilities.
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Disclosure summary
- Disclosure matching Name matching
- Disclosure time 2020-11-05
- Reason for punishment 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 Postrock and Kevin Meyer, Postrock's owner and sole managing member.
Disclosure details
NFA orders former Chicago, Ill. introducing broker Postrock Brokerage LLC to not reapply for membership
For Immediate Release
August 06, 2020
For more information contact:
Kristen Scaletta, 312-781-7860, kscaletta@nfa.futures.org
Karen Wuertz, 312-781-1335, kwuertz@nfa.futures.org
NFA orders former Chicago, Ill. introducing broker Postrock Brokerage LLC to not reapply for membership
August 6, Chicago—NFA has ordered Postrock Brokerage LLC (Postrock), a former NFA Member introducing broker located in Chicago, Ill., to not reapply for membership.
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 Postrock and Kevin Meyer, Postrock's owner and sole managing member. Among other things, the Complaint alleged that Postrock made misleading statements and misrepresentations to customers and placed unauthorized trades in customers' accounts or exercised discretion over customers' accounts without having written authority. In addition, the Complaint alleged that Postrock placed trades for customers which offered no economic benefit.
For more information, read the Complaint and Decision.
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