Broker and His Companies Agree to NFA Bar to Settle Supervisory, AML Failure Complaints

By Brian Monroe

The National Futures Association Thursday accepted a broker's withdrawal from membership for two years and the closure of his companies for life to settle two complaints it had filed against Stuart A. Mehler and his companies. The self-regulatory organization stated that if Stuart A. Mehler, principal of Universal Commodity Corp. and Comtrust Inc., was to return to the industry after a two-year suspension, he would be required to pay a fine of $500,000, the largest penalty against an NFA firm or individual ever. In an August 2008 complaint Mehler is said to have failed to report the suspicious activity related...