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NFA Investor Newsletter

October 20, 2009

In this Issue: Investor Education Conferences Create the Good:
Do-It-Yourself
Trading Terminology Free Spanish Brochures

NFA to participate in two investor education conferences

NFA Communications and Education Director Larry Dyekman will be giving a presentation entitled "What Investors Need to Know About Futures Trading" at the 2009 AAII (American Association of Individual Investors) Investor Conference. The conference is being held on November 12 - 14, 2009 at the Hilton Walt Disney Resort in Orlando, Florida. Mr. Dyekman will discuss the risk and rewards of futures trading, how markets are regulated and customer due diligence before opening a futures account.

NFA will also sponsor an information booth in the exhibit hall, where staff will distribute education brochures and discuss how to conduct online background checks of firms and brokers. For more information about the conference visit: http://www.aaii.com/programs/conference/.

NFA will also sponsor an information booth at the Las Vegas Traders Expo from November 18 - 21, 2009 at the Mandalay Bay Convention Center. Attendees will learn about the futures and forex markets and their rights as investors. For more information about the expo visit: www.tradersexpo.com




Trading Terminology: On-Exchange vs. Off-Exchange

NFA often receives questions from consumers and one key topic amongst consumer inquiries is on-exchange versus off-exchange trading. Understanding the methods in which financial instruments are traded is an essential step prior to making an investment decision.

On-exchange trading, the trading of futures and options on an exchange, is regulated by the Commodity Futures Trading Commission (CFTC). An Exchange is a central marketplace with established rules and regulations where buyers and sellers meet to trade futures and options contracts or securities.

Off-exchange, also known as over-the-counter (OTC) trading, is the trading of commodities, contracts or other instruments that are not listed on an exchange. Off-exchange trading can occur electronically or over the phone.

For more answers to questions about futures or forex trading visit NFA's Investor Information FAQs.




FCIC offers free publications in Spanish

The Federal Citizen Information Center (FCIC) is offering free brochures regarding a variety of topics including health, money management, housing and Social Security in Spanish. The brochures are available in bulk quantities. Estafas y Chantajes: Una guía educativa para Prevenir Fraudes Financieros, the Spanish-language version of NFA's Scams and Swindles: An Educational Guide to Avoiding Investment Fraud is available through the offer. For more information visit: http://www.pueblo.gsa.gov/spanishoffer/.

The FCIC serves as a one-stop resource for answers to questions about U.S federal agencies, programs and services. Free and low-cost pamphlets from federal, consumer and trade organizations are also available for consumers in English. Visit the FCIC's website for more information.

Create the Good: Do-It-Yourself

In September 2009, AARP launched Create the Good, a network that allows users to search for volunteer opportunities and provides tips for ways individuals can create self-directed projects in their communities. There are several how-to videos and Do-It-Yourself (DIY) toolkits. One of the featured toolkits, Operation Fight Fraud, includes a "Stop and Spot Investment Fraud" tip sheet that users can share to educate their family, friends and neighbors about investment fraud.

For more DIY toolkits visit: http://evolve.createthegood.org/diy-toolkits.




Recent Enforcement Actions

In the third quarter of 2009, 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
ACM USA LLC
Amanda Albretsen
Edward G. Anderson
Ameet Andhari
Anthony S. Bobba
Christopher Brueck
Capital Blu Management LLC
Ramon Chalis
Changes Capital Management LLC
Todd Crosland
DL Global Futures LLC
James Douglas
Foreign Trade Bank Securities Inc.
Global Trading Center LLC
GlobeFX Club Inc.
Eric M. Golub
Giovan R. Gordon
Jamie Lee Hall
Hi Tech Futures Trading Inc.
Interbank FX, LLC
Richard I. Mata
Brian O. Ozkan
Michael A. Patton
Pioneer Commodities LLC
Pinank V. Shah
Harris Shapiro
Dustin S. Smith
James A. Spear
Tiger Financial Group
True Vector Trading Group LLC
Vanguard Trading Group
William B. Wassink
Kaye Simone White-Webster
Darcus O. Young

Member Responsibility Actions
Richmond H. Hamilton, Jr.
Raleigh Capital Management, Inc.

Final Orders in Registration Cases
Brendan Connor
James S. Gossett
Melvin Securities LLC
Robert F. Monckton
Christopher R. Mullaney
Leo Petralia
Stanley E. Pyndus
SG Commodities LLC
Paul Thomas
TradeLink LLC
Nik Yarak


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