NFA orders New York-based firm Hardee Brothers LLC and its principal to withdraw from and not reapply for NFA membership

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For Immediate Release
July 22, 2026

NFA orders New York-based firm Hardee Brothers LLC and its principal to withdraw from and not reapply for NFA membership

July 22, Chicago-NFA has ordered Hardee Brothers LLC, an NFA Member commodity pool operator and commodity trading advisor in New York, N.Y., to withdraw from and not reapply for NFA membership or principal status with an NFA Member at any time in the future. NFA also ordered Sidney Curtis Hardee, an associated person and principal of Hardee Brothers, to withdraw from and not apply for NFA membership or reapply for NFA associate membership or principal status with an NFA Member at any time in the future.

The ="">Decision, issued by NFA's Business Conduct Committee (BCC), is based on a Complaint issued by the BCC and a settlement offer submitted by Hardee Brothers and Hardee, in which they neither admitted nor denied the allegations. In its Complaint, the BCC alleged that Hardee Brothers and Hardee violated NFA Compliance Rules 2-2 and 2-4 by, among other things, engaging in deceitful conduct, misappropriating customer funds and willfully providing misleading information to NFA. The BCC also alleged that Hardee Brothers solicited a customer with a disclosure document NFA had not reviewed and accepted and commingled pool assets with firm assets, in violation of NFA Compliance Rule 2-13.

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