Introducing broker Vankar Trading, an NFA-member introducing broker based in Chicago, has seen the NFA permanently bar it from membership and from acting as principal of an NFA member. In addition, the NFA has barred John S. Karvelas, sole principal of Vankar, from acting as a principal of an NFA Member for 10 years. Karvelas was…
Read moreChicago-based online broker OptionsHouse, part of Aperture Group, was granted registration as Futures Commission Merchant (FCM) on April 13, 2016. The updated status of the company can be viewed on the Broker/Firm Information (Basic) page maintained by the US National Futures Association. The FCM registration is granted about a month after OptionsHouse officially announced its…
Read moreChazon CTA operated from a PO Box address, and its principal had links with the US, Britain and Nigeria. The Master Fund's net asset value dropped significantly, from about $1.6 million in 2011 to about $125,000 in March 2014, mainly due to trading losses
Read more