The US National Futures Association has ordered Commodity Asset Management LLC, a former New York-based commodity pool operator and commodity trading advisor, to permanently refrain from reapplying for NFA membership and from acting as a principal of an NFA Member. The order also bars former associated person and principal Jonathan Mark Tulkoff from reapplying or serving as a principal of an NFA Member for nine months, imposes a USD 100,000 fine, and requires compliance with an undertaking if he reapplies for membership or principal status in the future. The decision was issued by an NFA Hearing Panel following a Business Conduct Committee complaint and a settlement offer submitted by the firm and Tulkoff in which they neither admitted nor denied the allegations. The complaint alleged, among other matters, use of promotional material that did not comply with NFA requirements in violation of NFA Compliance Rule 2-29 and conduct contrary to high standards of commercial honor and just and equitable principles of trade in violation of NFA Compliance Rule 2-4. The Hearing Panel found that Tulkoff committed the violations alleged against him. The complaint and decision are available on the NFA website.
National Futures Association 2026-03-09
US National Futures Association bars Commodity Asset Management from future membership and fines Jonathan Mark Tulkoff USD 100,000 with nine-month ban
The US National Futures Association has permanently barred Commodity Asset Management LLC from reapplying for membership and acting as a principal of an NFA Member. Jonathan Mark Tulkoff, a former associated person and principal, is barred for nine months and fined USD 100,000, with conditions for future reapplication. The enforcement action follows a complaint regarding non-compliant promotional material and conduct violations.