The US National Futures Association (NFA) has ordered Revankar Consultancy LLC, a former NFA Member commodity pool operator and commodity trading advisor in San Diego, and its former sole associated person and principal, Shailendra Revankar, not to reapply for NFA membership or act or be listed as a principal of an NFA Member. The Business Conduct Committee (BCC) Decision was based on a BCC Complaint and a settlement offer submitted by the firm and Revankar in which they neither admitted nor denied the allegations. The Complaint alleged violations of NFA Compliance Rules 2-4 (failure to prioritize pool participants’ interests), 2-45 (causing the pool to make an improper loan or advance of pool assets), and 2-13(a) (receiving pool subscription funds in the firm’s name rather than the pool’s name, commingling pool assets, and failing to distribute account statements to pool participants). The BCC found that Revankar Consultancy and Revankar committed the violations alleged in the Complaint.
National Futures Association 2025-07-07
US National Futures Association bars Revankar Consultancy LLC and Shailendra Revankar from reapplying for NFA membership
The US National Futures Association (NFA) has barred Revankar Consultancy LLC and its former principal, Shailendra Revankar, from reapplying for NFA membership or acting as principals of an NFA Member. This enforcement action follows a Business Conduct Committee decision based on a complaint alleging violations of NFA Compliance Rules, including improper handling of pool assets and failure to prioritize participants' interests.