Convicted Thief Can Now Trade Futures

Last week, the National Futures Association granted Tom Mahl, who was formerly convicted of petit larceny, “conditional registration” as a floor trader.

Mahl’s initial registration attempt was denied by the NFA on May 9, 2006 on the grounds that he pled guilty to and was convicted of petit larceny. The NFA also alleged that Mahl failed to disclose his 2000 guilty plea and conviction for the misdemeanor offense on his previous floor trader application dated November 2004.