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Currensee Recommended CTA Adantia Banned by NFA on Grounds of Client Fund Misappropriation
One of social trading service Currensee’s most highly touted managers between 2010 and 2011, Adantia LLC found themselves in hot water with the NFA after being accused of misappropriating client funds, purposely misleading the NFA, and “failure to observe high standard of commercial honor and just and equitable principals of trade.” The formal complaint filed by the NFA against Adantia LLC, Equity Swarm LLC (a CPO) and its APs, Punardeep Sikka, Jagjit Sikka, and Daryl P. Jamison alleged the firm(s) took $20,000 from the pool’s funds without notifying pool members and used the funds for personal ... (full story)