Vision Financial Markets LLC, a futures commission merchant member, and Ace Investment Strategists LLC, a commodity trading advisor member were barred by the National Futures Association (NFA). Ace Investment's principal, Yu-Dee Chang, and Chesapeake Investment Services, Inc., an introducing broker of which Chang is a principal, were also barred from membership by the NFA.
In June 2014, the NFA announced it had reached a settlement with Vision. Vison agreed to pay a $1.5 million fine, and would close its FCM and reconstitute it as High Ridge Futures LLC. NFA will require any customer inquiring about High Ridge through NFA's BASIC system to be provided with information about Vision's disciplinary actions. Vision Financial paid $2 million in customer restitution as well.
According to reports, Vison has had a long history of supervisory problems. Ace was charged with misappropriation of customer funds and Vison with taking a part in Ace's actions. According to the complaint this activity took place over three years, and Vision allegedly could have stopped the abuses.
If you were a client of these firms, call Soreide Law Group for a free consultation on how to potentially recover your losses at 888-760-6552.
Soreide Law Group is investigating potential investor claims involving Cambridge Investment Research following a FINRA disciplinary action concerning Unit Investment Trust (UIT) recommendations. In April 2026, FINRA censured Cambridge Investment Research after finding supervisory deficiencies involving certain UIT recommendations made to retail clients. Investors who incurred excessive fees, unnecessary costs, or other damages associated with […]
Soreide Law Group is investigating potential investor claims involving Infinity Financial Services after FINRA sanctioned the firm for supervisory failures involving deferred variable annuity exchanges and recommendations. Investors who incurred surrender charges or other losses in connection with variable annuity transactions recommended through Infinity should review the allegations that led to FINRA's disciplinary action against […]
Soreide Law Group is investigating potential investor claims involving losses in NextGenTech Investments LLC, a private fund managed by Sestante Capital LLC that purported to provide investors with economic exposure to shares of private companies, including Anduril Industries. Recent criminal proceedings involving Sestante Capital's manager have raised significant concerns regarding the offering, the representations made […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com