Synergistic Group LLC – a Commodity Futures Trading Commission-registered commodity pool operator and commodity trading adviser as well as a National Futures Association member, and Geoffrey Thompson, a principal and sole associated person of the firm, agreed to settle an administrative complaint filed by NFA in August 2018. NFA charged the defendants with failing to cooperate with an investigation after NFA commenced a review of Synergistic following the firm’s late financial filings and an SEC case charging Mr. Thompson and his wife with securities fraud. NFA alleged that Synergistic and Mr. Thompson willfully failed to cooperate with its investigation. To resolve this matter, Synergistic agreed to be banned permanently from NFA membership and from serving as a principal of an NFA member. Mr. Thompson agreed to a seven-year ban from NFA membership or serving as a principal of any member, and to pay a fine of US $50,000 should he reapply for NFA membership or principal status.