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NFA Investor Newsletter

NFA Investor Newsletter

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January 27, 2009
In this Issue: National Consumer
Protection Week 2009
Investor Alert New York Traders Expo Money Smart Week 2009

2009 National Consumer Protection Week provides investors with sound financial principles

The Federal Trade Commission's 2009 National Consumer Protection Week will be held March 1-7, 2009. This year's theme, "Nuts & Bolts: Tools for Today's Economy", highlights consumer education efforts across the nation. Organizations from around the country have provided information to help people get the most for their money. Some organizations, including NFA, have provided virtual seminars, featuring audio and PowerPoint presentations, on four major topics: investments, home foreclosures, credit issues and business opportunities. NFA's virtual seminar focuses on how consumers can protect themselves from investment fraud.

Also available on the NCPW's Website are links to publications, videos and other educational resources. These resources cover a wide range of topics, from getting a free credit report to spotting a telemarketing scam, from dealing with debt to deterring and detecting identity theft, from avoiding home and auto repair scams to reporting credit repair scams.

The NCPW's Website will be available throughout the year. Be sure to take advantage of this valuable information.

National Futures Association issues Investor Alert to help individuals protect themselves from affinity fraud

National Futures Association (NFA) has issued an Investor Alert to help individuals avoid becoming victims of fraudulent investment offers targeted to specific ethnic communities, religious organizations and social clubs. This particular type of fraud, called affinity fraud, is becoming more prevalent as individuals become more fearful of the volatile stock market and look for more "safe" investments.

"Recently, NFA has seen a rise in affinity fraud, especially within immigrant communities," says Karen Wuertz, NFA's senior vice-president of strategic planning and communications. "These communities are particularly vulnerable to con artists who speak their native language and know their social customs."

In many cases, affinity fraud is conducted as a classic Ponzi scheme. The fraudster pays out high dividends to early investors using funds received from customers who sign up later in the process. Flush with success, these early investors then promote the investment offer to their friends and family, allowing the con artist to continue his scheme right up until the moment he skips town.

NFA's Investor Alert, which can be downloaded from the Investor Learning Center section of NFA's Web site (, lists several steps investors should take to avoid becoming a victim of affinity fraud.

NFA provides investor education at New York Traders Expo

NFA is sponsoring an information booth at the New York Traders Expo on February 21-23 at the Marriott Marquis Hotel. NFA staff will distribute copies of NFA's investor education materials and demonstrate how to conduct a background check of a futures firm or individual using NFA's Web-based Background Affiliation Status Information Center (BASIC).

The Expo offers educational seminars and workshops as well as an exhibit hall featuring trading software providers, futures and options exchanges and other vendors. In previous years, the Expo has attracted more than 6,000 traders. For more information visit the Expo's Website at

Money Smart Week 2009 in session April 18 - 25

Financial literacy and education has never been more vital than during these rough economic times. Money Smart Week is a week long program (April 18 - 25, 2009 in Chicago) that offers free educational classes focusing on several financial topics. Coordinated by the Federal Reserve Bank of Chicago and partner organizations, Money Smart Week has grown beyond its Chicago roots, spreading throughout the Midwest (Illinois, Indiana, Iowa, Michigan and Wisconsin) with new cities (Houston) joining each year. NFA encourages you to attend an event near you. More information about NFA's participation during the week will be provided in the April edition of NFA's Investor Newsletter.

Recent Enforcement Actions

In the fourth quarter of 2008, 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
Comtrust Inc.
Edward Thomas Trading Co.
Wallace Neal Jordan
Jordan Assets Ltd.
George D. Lewis
Lei Li
Stuart A. Mehler
Meridian Commodity Corporation
Midas Securities LLC
Francis P. Miller
The Miller Group LLC
One World Capital Group LLC
Quaestus Trading LLC
Robert E. Parker
Universal Commodity Corp., et al.
John E. Walsh
Washington Asset Advisors LLC

Member Responsibility Actions
SNC Investments, Inc.
Peter Son

Final Orders in Registration Cases
Jonathan H. Hill
Samuel B. Hudson
Mildred Salguero

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