A National Futures Association hearing panel has accepted Tiger Financial Group's offer to permanently withdraw from NFA membership.

A National Futures Association hearing panel has accepted Tiger Financial Group's offer to permanently withdraw from NFA membership.

Tiger Financial was an introducing broker located in Los Angeles, California. Brian Ozkan, the firm's principal and chief executive officer, has been suspended from NFA membership for three years.

NFA also imposed sanctions against several other Tiger Financial staff members: Eric M. Golub, Ramon Chalis, Ameet Andhari, Dustin S. Smith, James A. Spear, Darcus O. Young and Christopher Brueck.

The decision is based on an NFA complaint filed in June 2008 and a settlement offer submitted by Tiger Financial and Ozkan.

The complaint alleged that Tiger Financial, along with Andhari, Chalis, Smith, Spear, Young and Brueck, made deceptive and misleading sales solicitations and that they also recommended trades that were not in the best interest of their customers. In addition, the complaint alleged that Tiger Financial, Ozkan and Golub failed in their duty to diligently supervise Tiger's business.