NFA orders former New York-based commodity pool operator and commodity trading advisor Commodity Asset Management LLC not to reapply for NFA membership

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For Immediate Release
March 9, 2026

For more information contact:

Christie von Ohlen, 312-781-1497, [email protected] McCarthy, 312-781-1357, [email protected]

NFA orders former New York-based commodity pool operator and commodity trading advisor Commodity Asset Management LLC not to reapply for NFA membership

March 9, Chicago - NFA has ordered Commodity Asset Management LLC (Commodity Asset Management), a former NFA Member commodity pool operator and commodity trading advisor located in New York, N.Y., not to reapply for NFA membership or act as a principal of an NFA Member at any time in the future. NFA also ordered Jonathan Mark Tulkoff, a prior associated person and principal of Commodity Asset Management and former NFA Associate, not to reapply for NFA membership or act as a principal of an NFA Member for nine months and further ordeed him to pay a $100,000 fine and comply with an undertaking if he reapplies for NFA membership or principal status in the future.

The Decision, issued by an NFA Hearing Panel, is based on a Complaint issued by NFA's Business Conduct Committee (BCC) and a settlement offer submitted by Commodity Asset Management and Tulkoff, in which they neither admitted nor denied the allegations in the Complaint. In the Complaint, the BCC alleged, among other things, that Commodity Asset Management and Tulkoff used promotional material that did not comply with NFA requirements, in violation of NFA Compliance Rule 2-29, and acted contrary to high standards of commercial honor and just and equitable principles of trade, in violation of NFA Compliance Rule 2-4. In its Decision, the Hearing Panel found that Tulkoff committed the violations alleged against him in the Complaint.

The complete text of the Complaint and Decision can be viewed on NFA's website.