The National Futures Association (NFA) recently announced that it has permanently banned Empire Energy Group LLC (“Empire Energy”) from reapplying for NFA membership or becoming the principal of NFA membership. Empire Energy is a CFTC Registered Introducing Broker based in Houston, Texas.
In addition, the NFA has ordered that Empire Energy’s principal and associate, Mark Fairchild, shall not reapply for membership or act as the principal of an NFA member for five years. If he wants to apply for NFA membership or principal status after five years, other requirements must be followed.
The NFA’s decision is based on a complaint by the NFA Business Conduct Committee (BCC) against Empire Energy and Mark Fairchild. The committee found that Empire Energy had failed to file its 2021 audited financial statements and that Empire Energy and Mark Fairchild had failed to cooperate adequately and in a timely manner with the NFA.
