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For Immediate Release
March 17, 2008

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

NFA settles enforcement action against Commercial Hedge Services, Inc. and its principal

March 17, Chicago - National Futures Association (NFA) has ordered Commercial Hedge Services, Inc. (Commercial Hedge) and its principal, Lawrence J. Volf, not to apply for NFA membership or associate membership for a period of three years. Commercial Hedge is a former Introducing Broker (IB) located in North Platte, Nebraska. The Decision, issued by an NFA Hearing Panel, is based on a Complaint filed in May 2004 and a settlement offer submitted by Commercial Hedge and Volf.

The Panel found that Commercial Hedge and Volf placed unauthorized speculative trades in customers' hedge accounts which exceeded hedge limits. The Panel also found that Commercial Hedge and Volf conducted business with Prime Trading Company, Inc., a separately incorporated branch office of Commercial Hedge which was not properly registered as an IB.

NFA is the premier independent provider of innovative and efficient 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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