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NFA Investor Newsletter

April 14, 2010

In this Issue: Money Smart Week New NCL Website Los Angeles Traders Expo CFTC's New Website

NFA spreads investor education message during Money Smart Week

Money Smart Week 2010

NFA will participate in two events in conjunction with Money Smart Week in Chicago. Coordinated by the Federal Reserve Bank of Chicago, Money Smart Week (April 17-24) offers more than 450 free educational classes, seminars and activities focusing on financial topics for people of all walks of life.

On Tuesday, April 20, NFA and AARP will co-sponsor a seminar titled "Operation Fight Fraud" from 12:00 p.m. to 1:00 p.m. During the program, which will be held at the Harold Washington Library in downtown Chicago, an AARP representative will discuss the AARP Foundation Fraud Fighters program which provides tools consumers can use to educate family, friends and neighbors with recognizing and reporting fraud. Immediately following the AARP portion of the program, an NFA representative will provide attendees with advice on how to avoid becoming victims of investment fraud.

On Wednesday, April 21, NFA will join other regulatory and enforcement agencies at a Financial Regulators Fair at the State of Illinois Building, Thompson Center. Representatives from ten agencies, including the CFTC, FINRA, the SEC and the FDIC, will distribute information on financial protection, banking, credit and investing. The event will run from 10:00 a.m. to 2:00 p.m.

For more information on these and other Money Smart Week events, visit www.moneysmartweek.org/Chicago.



National Consumers League launches new website

The National Consumers League (NCL) recently launched a new website, adding new features from an easier-to-navigate structure to an improved search engine, weekly consumer tips and polls and a user-friendly interface. For more than 100 years NCL has protected and promoted social and economic justice for consumers and workers in the United States and abroad. NCL is a private, non-profit advocacy group representing consumers on marketplace and workplace issues.

In the late 80s, the group established the Alliance Against Fraud in Telemarketing. The Alliance led to the League's long-term program, the National Fraud Information Center (now NCL's Fraud Center), established in 1992 to assist consumers directly with telemarketing fraud inquiries. Visitors to NCL's Fraud Center can get tips and trends on a variety of fraudulent activity, including telemarketing fraud, internet fraud, scams against business, scams against the elderly and counterfeit drugs. Individuals can also complete an online complaint form to report suspicious activity.

"National Futures Association is proud to have been a founding member of the Alliance Against Fraud in Telemarketing," said NFA's Director of Communications and Education Larry Dyekman, "and we believe NCL's Fraud Center is an excellent resource for consumers."



NFA will provide investor education at Los Angeles Traders Expo

NFA is sponsoring an information booth at the Los Angeles Traders Expo on June 9-12 at the Pasadena Convention Center. NFA staff will distribute copies of NFA's investor education materials and answer questions from expo attendees.

The Expo, which attracts more than 3,000 individual investors, offers educational seminars and workshops as well as an exhibit hall featuring trading software providers, futures and options exchanges and other vendors. For more information visit the Expo's website at www.TradersExpo.com.

Commodity Futures Trading Commission's new website provides investors with easier access to futures markets information

On April 3, the Commodity Futures Trading Commission (CFTC), the independent government agency mandated to regulate the United States futures markets, launched a new website designed to provide greater access to important market and agency information. Of particular interest to investors is the website's Consumer Protection section. Individuals will find a variety of educational materials, including the CFTC's latest fraud advisories. They also have the capability of filing a complaint with the Commission and reviewing recent enforcement actions.

Visitors to the CFTC's website also will find all items that are open for public comment, including rulemakings, industry filing and other issues.



Recent Enforcement Actions

In the first quarter of 2010, NFA's Business Conduct Committee issued Decisions, Member Responsibility Actions and Final Orders in Registration Cases against the following NFA Member firms and individuals. Click on the name for more detailed information.

Decisions in Disciplinary Cases
1 FX Trader LLC
ACJ Capital, Inc.
Paul J. Adrian
Aramis Capital Management LLC
David C. Arena
Phillip M. Baker
Cani Financial Advisors LLC
Capital FX LLC
Matthew P. Censullo
CFS Capital Management LLC
Angel F. Collazo
Andrew G. Elrod
Brian G. Elrod
Steven M. Flaat
Forex Club Financial Company Inc.
Frontline Advisors LLC
Frontline Financial, Inc.
GFS Forex & Futures Inc.
Damion Gopaul
Yun Hun Lo
Kingz Capital Management Corporation
David M.S. Krywenky
Leonard D. Locricchio
Victor A. Lyons
Charles Mitchell
Cynthia Jeanne Morris
Muirfield Capital LLC
Muirfield Capital Management LLC
NetBlack Capital LLC
John F. Netto
Robert W. Pecord
Scott W. Raybin
Charles G. Rice
Strategy Automation Management LLC
Torc Investments & Research LLC
Treesdale Partners LLC
Vega Options Group LLC
Victory Investment Management LLC
Michael Williams
Wextrade Commodity Managers LLC

Member Responsibility Actions
Direct Investment Products, Inc.
Alexander Glytenko
IAG Capital Management, LLC
Institutional Capital Management LLC
William P. Kelly
Timothy M. Murphy

Final Orders in Registration Cases
Teresia A. Bactawar
Chris Cameron
Jeremy J. Grena
Nabil P. Niman
Francisco J. Padua
Nicholas P. Payne
William M. Rill
Aaron Rischall
Alexander M. Silverman
Lusay A. Wooten


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