The United States National Futures Association (NFA) has permanently barred Bit5ive Mining Fund Advisor, LLC, an NFA Member commodity pool operator (CPO) located in Doral, Florida, from NFA membership and from acting or being listed as a principal of an NFA Member.
The default Decision, issued by NFA’s Business Conduct Committee (BCC), is based on a Complaint issued by the BCC and Bit5ive Advisor’s failure to file an Answer.
Among other findings, the BCC found that Bit5ive Advisor willfully submitted materially false or misleading information to NFA about the operations of the firm and its commodity pool, failed to comply with CPO reporting requirements,…
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