National Futures Association (NFA) has barred Anthony S. Bobba, principal of Pioneer Commodities LLC (Pioneer), a former Introducing Broker located in Boca Raton, Florida, from NFA membership until September 2016. The Decision, issued by an NFA Hearing Panel, is based on an NFA Complaint filed in December 2009 and a settlement offer submitted by Bobba.
The Panel found that Bobba failed to cooperate in an NFA investigation regarding whether he and/or others were acting as undisclosed principals of Windsor Wealth Management LLC (Windsor), a former Introducing Broker also located in Boca Raton, Florida. Windsor was previously barred from NFA membership for failing to list Bobba as a principal of the firm and for providing false information regarding Bobba’s actual role and compensation at the firm.
In the event Bobba reapplies for NFA membership status after the expiration of his membership bar in September 2016, he must also pay a fine of $75,000 to NFA at the time he reapplies, and he has stipulated that this case may serve as the sole basis for denying his reapplication for NFA membership status.
NFA previously suspended Bobba from NFA membership in August 2009, for a period of two years and from acting as principal for three years. These sanctions stemmed from a previous NFA Complaint that alleged Pioneer and Bobba made misrepresentations to the Series 3 Examination testing service by requesting additional time for several of Pioneer’s prospective associated persons (APs) to take the Series 3 Exam on the purported ground that English was not the primary language of these prospective APs.
This information which is publicly available on NFA’s website has been provided by The White Law Group, LLC.
If you have questions about any involvement you may have had with Anthony S. Bobba, the securities attorneys of The White Law Group may be able to help. To speak with a securities attorney, please call the firm’s Chicago office at (312)238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.