Hedge Funds
The Jacob Wohl odyssey has come to an end, at least in the eyes of the National Futures Association (NFA). The Chicago-based derivatives industry self-regulator, operating under authority granted by the Commodity Futures Trading Commission, announced a panel on Thursday ruled that Wohl and his firm, Nex Capital, were permanently barred from NFA membership. With few exceptions, this ban prohibits Wohl from engaging in futures-related activity with customers that requires NFA membership, such as managing customer accounts. Wohl first caught attention by appearing on local news as well as in national media under the heading of “The Wohl of Wall Street.”...