A Barbados commodity pool operator has been permanently barred from membership of the National Futures Association, after being charged with cheating, defrauding or deceiving another person or attempting to do so.
The NFA ruling also charged Kingz Capital Management Corporation with failure to uphold high ethical standards and supervision failures. The NFA barred the firm’s principal, David MS Krywenky, from NFA membership for three years.
Kingz Capital Management was registered as a commodity trading advisor and commodity pool operator in Barbados. The decision, issued by an NFA hearing panel, is based on an NFA complaint filed in September 2009 and a settlement offer submitted by Kingz and Krywenky.
The Complaint charged KCM and Krywenky with failure to uphold high ethical standards and failure to supervise. The Complaint also charged KCM with cheating, defrauding or deceiving another person or attempting to do so.
Following his three...