The National Futures Association (NFA) has ordered 50.ai Investment Limited Liability Company to cease and desist from reapplying to become a member of the NFA as a commodity pool operator and a forex firm located in Princeton, New Jersey, and from serving as a principal of an NFA member at any time in the future.

The decision was issued by the NFA's Business Conduct Committee (BCC) based on complaints filed by the BCC and settlement proposals submitted by 50.ai Investment.

In its complaint, the BCC alleged that 50.ai Investment used misleading promotional materials and communications and failed to maintain high standards of commercial honor and just and equitable principles of trade in the operation of its commodity pools.

Specifically, the company utilized promotional materials that presented distorted and misleading views of the potential for "huge profits" through investment with 50.ai Investment.

Several presentations showed potential annual investment returns of up to 100%, while others promised monthly returns of 4% and annual returns of 50%. Email communications misstated the amount of funds managed by the 50.ai fund.

The complaint also alleged that 50.ai Investment failed to supervise the operations and employees of the company.