Spartan Asset Group LLC Michigan NFA Membership Withdrawal Ordered
Summary
NFA has ordered Spartan Asset Group LLC, a Michigan-based commodity trading advisor and NFA Member, to withdraw from NFA membership and permanently barred from reapplying. The action stems from a Complaint by NFA's Business Conduct Committee alleging the firm used deficient promotional material in violation of NFA Compliance Rule 2-29 and the just and equitable principles requirement under Compliance Rule 2-4. The firm submitted a settlement offer in which it neither admitted nor denied the allegations.
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What changed
NFA's Hearing Panel issued a Decision ordering Spartan Asset Group LLC to withdraw from NFA membership and prohibiting future reapplication. The action was based on a Complaint from NFA's Business Conduct Committee alleging the firm used promotional material that violated NFA Compliance Rule 2-29 and the just and equitable principles of trade under Compliance Rule 2-4. The firm submitted a settlement offer without admitting or denying the allegations.
Commodity trading advisors and NFA Members should review their promotional materials against NFA Compliance Rule 2-29 requirements to ensure compliance. The enforcement action demonstrates NFA's continued focus on marketing and disclosure standards for CTAs. The Decision and underlying Complaint are available on NFA's website for review.
Archived snapshot
Apr 25, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
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- Show more years For Immediate Release February 11, 2026
For more information contact:
Christie von Ohlen, 312-781-1497, cvonohlen@nfa.futures.org
Joseph McCarthy, 312-781-1357, jmccarthy@nfa.futures.org
NFA orders Michigan firm Spartan Asset Group LLC to withdraw from and not reapply for NFA membership
February 11, Chicago—NFA has ordered Spartan Asset Group LLC (Spartan), an NFA Member commodity trading advisor located in Michigan, to withdraw from and not reapply for NFA membership.
The Decision, issued by an NFA Hearing Panel, is based on a Complaint issued by NFA's Business Conduct Committee (BCC) and a settlement offer submitted by Spartan, in which the firm neither admitted nor denied the allegations. In the Complaint, the BCC alleged that Spartan used promotional material that the firm knew or should have known was deficient, in violation of the promotional material requirements under NFA Compliance Rule 2-29 and the just and equitable principles of trade requirement under NFA Compliance Rule 2-4.
The complete text of the Complaint and Decision can be viewed on NFA's website.
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