NFA Issues Permanent Ban on Chazon QTA Trading Artists, Lawrence Fejokwu

The National Futures Association (NFA) has permanently barred Chazon QTA Quantitative Trading Quantitative Trading Quantitative trading is defined as a type of market strategy that relies on mathematical and statistical models to both identify and execute opportunities. Also known as quant trading, this strategy uses models that are driven by quantitative analysis, as well as advanced research and measurement to strip complex patterns of behavior into numerical values.Of note, quantitative trading eschews qualitative analysis, which evaluates opportunities based on subjective factors such as management exper Quantitative trading is defined as a type of market strategy that relies on mathematical and statistical models to both identify and execute opportunities. Also known as quant trading, this strategy uses models that are driven by quantitative analysis, as well as advanced research and measurement to strip complex patterns of behavior into numerical values.Of note, quantitative trading eschews qualitative analysis, which evaluates opportunities based on subjective factors such as management exper Read this Term Artists LLC (Chazon), an NFA Member commodity pool operator (CPO), from NFA membership.

Two weeks ago, the NFA published a Complaint settlement with Global Futures Exchange & Trading Company (GFETC). GFETC operated under numerous past and current brands including Global Futures, Lions Futures and TradingIndex – it is a registered US Introducing Broker and Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Firm with Kattayoun Hakimian as its President.

In its most recent action, the NFA took action against Chazon and its principal for violating NFA rules and not outwardly abstaining from reporting requisite bank records and information, as directed by the US regulator.

In addition to the permanent ban levied against Chazon, the NFA also issued a lifetime ban from membership against the firm’s principal, Lawrence I. Fejokwu. The ban also carries the weight of a further injunction, preventing both Chazon and Mr. Fejokwu from acting as principals of an NFA Member.

The decision garnered by the NFA hearing panel dates back to a complaint launched by the NFA's Business Conduct Committee back on May 15, 2014.