The National Futures Association (NFA) has ordered Metanoeo Capital LLC, an NFA Member commodity trading advisor, to withdraw from NFA membership and permanently refrain from reapplying for membership or principal status with any NFA Member. The order also requires Joshua David Schuler, an associated person and principal of Metanoeo, to withdraw and permanently refrain from applying or reapplying for NFA membership, associate membership, or principal status with any NFA Member. The Business Conduct Committee’s decision follows a complaint and a settlement offer submitted by Metanoeo and Schuler in which they neither admitted nor denied the allegations. The complaint alleged that the firm and Schuler deceived customers by reporting made-up trading in a fictitious account on the firm’s website that customers believed reflected real futures trading and actual net liquidating values representing funds they could withdraw, in apparent violation of NFA Compliance Rule 2-2(a). It also alleged they willfully submitted materially false or misleading information to NFA regarding the firm’s CTA status and activities, in apparent violation of NFA Compliance Rule 2-2(f).
National Futures Association 2026-04-27
National Futures Association orders Metanoeo Capital and Joshua Schuler to withdraw and permanently refrain from NFA membership
The National Futures Association has ordered Metanoeo Capital LLC, a commodity trading advisor, and its associated person and principal Joshua David Schuler to withdraw from NFA membership and permanently refrain from reapplying for any membership or principal status. The action follows a complaint and settlement in which they neither admitted nor denied allegations that they deceived customers by reporting fictitious trading and net asset values on the firm’s website and willfully submitted materially false or misleading information to NFA about the firm’s status and activities, violating NFA Compliance Rules 2-2(a) and 2-2(f).