Friday, 30 January 2015
Last updated 12 hours ago
Apr 17 2007 | 10:17am ET
The National Futures Association has ordered Brandywine Asset Management, a Thornton, Pennsylvania-based commodity pool operator, to pay a fine of $35,000 for failure to file annual pool reports.
The NFA’s hearing panel alleged that Brandywine failed to meet NFA filing deadlines for annual reports for 10 pools that Brandywine operated in 2005, and annual reports for three pools that Brandywine operated in 2004.
In addition to the fine, Brandywine must file on or before July 31, 2007, all un-filed 2004 and 2005 annual reports for those commodity pools.
Brandywine has consented to the NFA’s decision without admitting or denying the allegations.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…