National Futures Association (NFA) has effectively barred Vision Financial Markets LLC (Vision), a futures commission merchant Member of NFA, and Ace Investment Strategists LLC, a commodity trading advisor Member of NFA from membership. NFA also has barred Ace's principal, Yu-Dee Chang (Chang), and Chesapeake Investment Services, Inc., an introducing broker of which he is a principal, from membership. In addition, Vision has paid approximately $2 million in customer restitution and will pay a $1.5 million fine to NFA.
In September 2013, NFA's Business Conduct Committee filed Complaints against Vision, Ace and Chang. The Complaints charged Ace with misappropriation of customer funds related to trade allocations. The Complaints also charged Vision with facilitating Ace's actions. The Complaint states that this activity took place ov