The National Futures Association (NFA) has ordered Spartan Asset Group LLC, a Michigan-based NFA Member commodity trading advisor, to withdraw from NFA membership and not reapply. The order was issued by an NFA Hearing Panel and follows a complaint brought by NFA’s Business Conduct Committee and a settlement offer submitted by Spartan in which the firm neither admitted nor denied the allegations. The complaint alleged that Spartan used promotional material it knew or should have known was deficient, breaching NFA Compliance Rule 2-29 on promotional material requirements and NFA Compliance Rule 2-4 on just and equitable principles of trade.
National Futures Association 2026-02-11
National Futures Association orders Spartan Asset Group to withdraw from membership and bars reapplication
The National Futures Association (NFA) has ordered Spartan Asset Group LLC to withdraw from membership following allegations of using deficient promotional material, violating NFA Compliance Rules 2-29 and 2-4. The order was issued by an NFA Hearing Panel after a complaint by the Business Conduct Committee and a settlement offer from Spartan.