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For Immediate Release
March 31, 2011

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

NFA takes emergency enforcement action against Paron Capital Management, LLC and its principal

March 31, Chicago - National Futures Association (NFA) announced today that it has taken an emergency enforcement action against Paron Capital Management, LLC (Paron Capital Management) and its principal, James D. Crombie. Paron Capital Management is a Commodity Trading Advisor located in Tiburon, California.

Based on NFA's investigation, it appears that Paron Capital Management and Crombie solicited customers using promotional material that contained false and misleading performance information, and gave counterfeit brokerage statements to NFA as support for the performance information in the firm's promotional material. Additionally, it appears that Paron Capital Management and Crombie provided NFA with false and misleading information about loans they have received and lawsuits filed against them.

Effective immediately, the Member Responsibility Action (MRA) and the Associated Responsibility Action (ARA) prohibit Paron Capital Management and Crombie from soliciting or accepting any funds from customers or investors, soliciting investments for any commodity pools or other investment vehicles, or placing any trades on behalf of customers or commodity pools. Paron Capital Management and Crombie are also prohibited from disbursing or transferring of any funds of customers, investors or commodity pools and from any bank accounts or brokerage accounts for which they exercise control without prior NFA approval.

The MRA/ARA will remain in effect until such time that Paron Capital Management and Crombie demonstrate they are in complete compliance with all NFA Requirements. Paron Capital Management and Crombie may request a prompt hearing before NFA's Hearing Committee.

The complete text of the MRA/ARA can be found on NFA's website (www.nfa.futures.org).

The following Compliance staff members are responsible for this case: Valerie O'Malley, Senior Manager, Compliance (312-781-1290) and Patrick Moongthaveephongsa, Field Supervisor, Compliance (312-781-1381).

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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