NFA Announces Ban on Forex Firm 50.ai Investments LLC's Reapplication for NFA Membership

The National Futures Association (NFA) has ordered 50.ai Investments LLC (50.ai Investments), a Princeton, N.J.-based former NFA-member commodity pool operator and forex firm, not to reapply for membership in NFA or serve as a principal of an NFA member at any time in the future, according to an announcement released on April 11, 2024.

The decision was made by the NFA's Business Conduct Committee (BCC) based on a complaint issued by the BCC and a settlement offer submitted by 50.ai Investments.

In the Complaint, the BCC alleged that 50.ai Investments used misleading promotional material and communications and failed to uphold high standards of commercial honor and just and equitable principles of trade in connection with a commodity pool that the firm operated. The Complaint also alleged that 50.ai Investments failed to supervise the firm's operations and its employees.