NFA bars James C. Morton, former principal of GlobeFX Club Inc., from acting as principal for a period of five years

National Futures Association (NFA) has barred James C. Morton from acting as a principal of an NFA Member for a period of five years and also ordered him to pay a fine of $10,000 in the event that he reapplies for NFA membership or associate membership. Morton was a principal of GlobeFX Club Inc. (GlobeFX), a former Commodity Pool Operator located in Homestead, Florida, which NFA permanently barred from NFA membership in September 2009 for providing false and misleading information to NFA and failing to cooperate in NFA's investigation of the firm's operations. See previous press release.

The Decision as to Morton, which was issued by an NFA Hearing Panel, accepted a Settlement offer submitted by Morton and was based on an NFA Complaint filed in June 2009, which charged Morton with failure to supervise GlobeFX's business operations and Forex activities. The complete text of the Complaint and Decision can be found on NFA's website.

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