The National Futures Association (NFA) penalized Angus Jackson Futures Inc. $10,000 for anti-money laundering program deficiencies in the third regulatory action the organization handed down in a month. The NFA, which issued two actions in 2006, cited Fort Lauderdale-based brokerage firm Angus Jackson on Thursday for failing to "develop and implement an adequate money laundering program." The number of penalties issued by the NFA this early in the year indicates that futures firms should take their anti-money laundering responsibilities "seriously and be alert to any deficiencies in their camps," said Paul Glenn, counsel for the Investment Adviser Association in Washington,...
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