NFA orders Colorado-based commodity trading advisor Metanoeo Capital LLC to withdraw from and not reapply for NFA membership

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For Immediate Release
April 27, 2026

For more information contact:

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

NFA orders Colorado-based commodity trading advisor Metanoeo Capital LLC to withdraw from and not reapply for NFA membership

April 27, Chicago-NFA has ordered Metanoeo Capital LLC, an NFA Member commodity trading advisor (CTA) in Fort Collins, Colo., to withdraw from and not reapply for NFA membership or principal status with an NFA Member at any time in the future. NFA has also ordered Joshua David Schuler, an associated person and principal of Metanoeo, 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 Metanoeo and Schuler, in which they neither admitted nor denied the allegations. In its Complaint, the BCC alleged that Metanoeo and Schuler deceived customers by reporting information about made-up trading in a fictitious account on the firm's website, which Metanoeo customers believed reflected real futures trading the firm and Schuler conducted and actual net liquidating values that represented funds they could withdraw, in apparent violation of NFA Compliance Rule 2-2(a). The BCC also charged Metanoeo and Schuler with willfully submitting materially false or misleading information to NFA about the firm's CTA status and activities, in apparent violation of NFA Compliance Rule 2-2(f).

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