September 30, 2014

CFTC Seeks to Deny Registrations of Ronald E. Fisher and Zero Chaos Advisors LLC

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today filed a Notice of Intent (Notice) to deny the application of Zero Chaos Advisors LLC (Zero Chaos) to register with the CFTC as a Commodity Trading Advisor (CTA) and the application of Ronald E. Fisher to register with the CFTC as an Associated Person of Zero Chaos. Zero Chaos and Fisher filed these applications for registration on March 2, 2014 (March 2, 2014 registration applications).

The Notice alleges that Fisher is subject to statutory disqualification from CFTC registration based on his 1998 conviction for bank embezzlement. On February 17, 1998, Fisher pled guilty to two felony counts of bank embezzlement in the U.S. District Court for the Southern District of New York. According to the Notice, on June 3, 1998, the District Court sentenced Fisher to 63 months in prison and five years of supervised release, and he was ordered to make restitution to his former employer, the bank from which he embezzled funds.

The Notice also alleges that Fisher is subject to statutory disqualification from CFTC registration based on false or misleading statements he made in the March 2, 2014 registration applications as well as in prior registration applications filed in March 2010. As alleged in the Notice, Fisher filed the March 2, 2014 registration applications in which, among other things, he answered “No” to questions asking if he had ever been found to have violated any statute, rule, regulation, or order which involves embezzlement, theft, fraudulent conversion, or misappropriation of funds, securities, or property.

Additionally, the Notice alleges that facts exist which constitute good cause for denying Fisher’s application for registration with the CFTC, including his guilty plea, the false or misleading statements in his applications, and his lack of candor in responding to questions posed by the National Futures Association (NFA), the futures industry self-regulatory organization which the CFTC has authorized to process CFTC registration applications.

The Notice alleges that Zero Chaos is subject to statutory disqualification based on the disqualifying conduct of its sole principal, Fisher.

The CFTC thanks the NFA for its cooperation and assistance.

CFTC Division of Enforcement staff members responsible for this action are Karin N. Roth, Michael C. McLaughlin, David W. MacGregor, Douglas K. Yatter, Lenel Hickson, Jr., and Manal M. Sultan.

Media Contact
Dennis Holden
202-418-5088

Last Updated: September 30, 2014