January 4, Chicago – National Futures Association’s (NFA) has permanently barred Parman Financial (Parman) and its principal, Lyndon L. Parrilla, from NFA membership. Parman is a Commodity Trading Advisor located in Woodland Hills, California. The Decision, issued by an NFA Hearing Panel, is based on an NFA Complaint filed in June 2009.
The Panel found that Parman and Parrilla failed to cooperate with NFA during its examination of the firm. While Parrilla submitted a written response in regards to NFA’s request for documents, Parman and Parrilla failed to submit all of the requested documents and information needed for NFA to conduct its audit of the firm. Parman and Parilla may appeal the Panel’s Decision to NFA’s Appeals Committee.
The complete text of the Complaint and Decision can be found on NFA’s website (www.nfa.futures.org).
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