April 27, Chicago - National Futures Association (NFA) has permanently barred AVS Carter Financial, Inc. (AVS Carter Financial) from NFA membership. AVS Carter Financial is a Commodity Trading Advisor located in Chicago, Illinois. Shahzad Akram, the firm's sole principal, is also barred from NFA membership for a period of two years.

..The Panel found that AVS Carter Financial used a misleading website as well as misleading customer account documents and account statements.

Link to the source: http://www.nfa.futures.org/news/newsRel.asp?ArticleID=2476

AVS Cater (London Pearson Financial Ltd) is no longer licensed with IFSC Belize.

http://www.ifsc.gov.bz/notices.html