The National Futures Association has revoked the registration of Joel W. Himel, a floor trader at the Chicago Board of Trade, for failing to respond to allegations, NFA said on Tuesday. A designated subcommittee of NFA's Membership Committee issued the Final Order on Friday because Himel failed to respond to allegations after being notified of the charges on May 27. NFA notified Himel that in October 2013, the CBOT Business Conduct Committee entered an order finding that he failed to answer the charge that he failed to appear for two scheduled staff interviews and suspending him for one year beginning on April 28, 2014. NFA alleged that the CBOT suspension disqualifies Himel from registration. NFA also alleged that Himel settled 2007 and 2008 CBOT cases charging that he executed futures trades for his personal account while in possession of executable customer orders, and entered into noncompetitive, prearranged trades in futures contracts while in possession of executable
↧