Benjamin J Kerpe

BENJAMIN KERPE NFA ID: 0325466

BENJAMIN KERPE NFA 06BCC00023 NFA ID: 0325466
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On August 30, 2006, NFA issued a Complaint charging MCI, Flickinger, Kerpe, Montgomery and Viera with making deceptive and misleading sales solicitations.
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On August 30, 2006, NFA issued a Complaint charging MCI, Flickinger, Kerpe, Montgomery and Viera with making deceptive and misleading sales solicitations.The Complaint also charged MCI and Viera with making high-pressure sales solicitations.The Complaint charged MCM with failure to maintain required books and records; failure to file required telegraphic notice; and failure to initiate an adequate AML program.

ANSWER -

On September 28, 2006, Kerpe filed an Answer to the Complaint in which he denied the material allegations contained therein.

DECISION -

On July 30, 2007, Kerpe was suspended from NFA membership and associate membership and from acting as a principal of an NFA Member for three months.For one year (exclusive of any period during which Kerpe is suspended or is not an NFA Member or an Associate Member), Kerpe may not be an Associate of an NFA Member unless his sponsor agrees in writing to tape record all conversations that occur between him and both existing and potential customers; retain each tape for two years from the date the tape is created; and make the tapes available to NFA upon request.During the one-year period, Kerpe may not be an NFA Member or principal of an NFA Member unless that Member agrees in writing to tape record all conversations between the firm's APs and both existing and potential customers, retain each tape for two years from the date the tape is created; and make the tapes available to NFA upon request.Kerpe was also ordered to pay a $5,000 fine.

APPEAL:

On August 7, 2007, Kerpe appealed the Decision to NFA's Appeals Committee.
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On August 30, 2006, NFA issued a Complaint charging MCI, Flickinger, Kerpe, Montgomery and Viera with making deceptive and misleading sales solicitations.
...
On August 30, 2006, NFA issued a Complaint charging MCI, Flickinger, Kerpe, Montgomery and Viera with making deceptive and misleading sales solicitations.
...
On August 30, 2006, NFA issued a Complaint charging MCI, Flickinger, Kerpe, Montgomery and Viera with making deceptive and misleading sales solicitations.
...
On August 30, 2006, NFA issued a Complaint charging MCI, Flickinger, Kerpe, Montgomery and Viera with making deceptive and misleading sales solicitations.