The National Futures Association (NFA) has fined yet another of its forex dealer members. The regulator has ordered the Charlotte, North Carolina based Advanced Markets and its principals, Anthony Brocco and Geoffrey Gooch, to jointly pay a fine of $150,000. The decision came after an NFA hearing panel found that Brocco and Gooch failed to diligently supervise Advanced Market’s financial and recordkeeping activities and the promotional materials used by AMI’s unregistered solicitors.
Source: http://www.nfa.futures.org/news/newsRel.asp?ArticleID=2063