CPO Fined For Failing To Filing Annual Pool Reports

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.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...