NFA Shuts Down Capital Blu Management

Sep 17 2008 | 11:22am ET

The National Futures Association has taken an emergency enforcement action against Capital Blu Management, a Melbourne, Fla.-based commodity-trading advisor.

Capital Blu has been suspended from NFA membership and prohibited from soliciting or accepting any investor or pool participants' funds after refusing to fully cooperate with the NFA in an examination of the firm and its operations.

The NFA took action against Capital Blu after receiving allegations from investors that it had provided false statements to investors in the CBM FX Fund.

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