The National Futures Association issued a Hearing Panel decision ordering former Israel-based commodity pool operator Rimar Capital Limited Partnership to never reapply for NFA membership or serve as a principal of an NFA Member. The order also bars former associated person and principal Ryan Philip Gordon from reapplying for membership or principal status for two years, and requires him to pay a USD 75,000 fine if he seeks NFA membership or principal status after that two-year period. The decision follows a Complaint by NFA’s Business Conduct Committee and a settlement offer submitted by Rimar Capital Limited Partnership and Gordon, in which they neither admitted nor denied the allegations. The Complaint alleged failures to meet high standards of commercial honor and just and equitable principles of trade by not adhering to NFA requirements on reporting principals and by allowing an unregistered individual to control the firm, in violation of NFA Compliance Rule 2-4, as well as a failure to promptly report principals to NFA, in violation of NFA Registration Rule 208. The Hearing Panel found that the firm and Gordon committed the violations alleged.
National Futures Association 2025-11-24
National Futures Association permanently bars Rimar Capital from reapplying for membership and imposes a two-year ban and conditional USD 75,000 fine on Ryan Philip Gordon
The National Futures Association (NFA) has permanently barred former commodity pool operator Rimar Capital Limited Partnership from reapplying for membership or serving as a principal of an NFA Member. Ryan Philip Gordon, a former associated person and principal, is barred from reapplying for two years and must pay a USD 75,000 fine if he seeks membership or principal status thereafter. This follows a Complaint alleging violations of NFA Compliance Rule 2-4 and Registration Rule 208, confirmed by the Hearing Panel.