September 24, 2015

Russian citizen, Yakov Shlyapochnik, and his Connecticut-based company, Nord Capital Advisors, LLC (NCA) have been ordered to pay a $280,000 penalty for failing to disclose NCA’s principal in registration filings and for engaging in fraud in soliciting prospective clients by failing to disclose material changes in NCA’s algorithmic trading program.  CFTC

Tagged in: Fraud in CFTC-Regulated Markets,