NFA expels Spencer Financial
NEWS
Spencer Financial was found to have used misleading promotional material and to have failed to file financial statements within required time limits. It was also found to have failed to file compulsory notices regarding reductions in its net capital and failed to list certain persons as principals.
The findings made by the NFA's Business Conduct Committee last week are based on charges contained in a complaint and a settlement offer submitted by Spencer Financial.
The decision found that Spencer
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