NFA Takes Emergency Action Against 2 North Carolina CTAs

Jun 22 2011 | 5:58pm ET

The National Futures Association has taken an emergency enforcement action against two North Carolina-based CTAs - D2W Capital Management and Prestige Capital Advisors - and Prestige principal Toby Hunter.

In a statement released Wednesday, the NFA said an examination of D2W and Prestige revealed the companies and Hunter had “misled customers regarding the value of their investments, continue to solicit potential customers with false and misleading performance information and have not provided D2W's customers with an NFA-approved disclosure document.”

The regulator says D2W, Prestige and Hunter have been unable to provide it with current books and records supporting the “current value or location of their purported assets and client funds, and have also misled NFA throughout its investigation of the firms.”

As a result, D2W, Prestige and Hunter have been forbidden from “soliciting or accepting funds from customers or investors, soliciting investments for any managed accounts, pools or other investment vehicles, or placing any trades.” The firms and the principal are also banned from disbursing or transferring any funds of “customers, investors or pools over which they exercise control, or participants in any such pools, without prior approval from NFA.”

D2W Capital Management (Radical Wealth) was ranked among the top-performing CTAs for the year ending in March 2011 by BarclayHedge.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...