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For Immediate Release
December 05, 2005

For more information contact:
Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org
Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org

NFA bars Florida futures firm and suspends firm's principals

December 5, Chicago - National Futures Association has permanently barred United Financial Trading Corp. (UFTC), an introducing broker Member of NFA located in Ft. Lauderdale, Florida, and ordered one-year suspensions for the firm's principals, Cosme F. Arreaza and Daniel N. Denbow. The Decision, handed down by an NFA Hearing Panel, is a result of an NFA Complaint issued on May 25, 2005, and reflects a settlement offer submitted by UFTC, Arreaza and Denbow.

The NFA Complaint charged that UFTC and Denbow made misleading and deceptive sales solicitations and used a high-pressure sales approach. In addition, the Complaint charged that Denbow told a customer to inflate his net worth on account opening documents and to borrow money to fund his account. The Complaint also charged that UFTC and Arreaza failed to supervise employees and submitted false or misleading information to NFA. UFTC was also charged with allowing an unregistered individual to solicit new accounts.

NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets.

NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets.
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