NFA has published a new investor education booklet entitled "Scams and Swindles: An Educational Guide to Avoiding Investment Fraud." The guide describes common characteristics of investment scams and outlines steps individuals can take to avoid them.

"Fraudulent investment offers are pitched at us every day," says NFA's Senior Vice President of Strategic Planning and Communications Karen Wuertz. "They come by telephone, through e-mails, in newspapers, magazines and late night television programs. We all have to learn how to spot these scams before we lose our money to them."

Single copies of "Scams and Swindles" are offered free of charge. Individuals may order a copy of the publication by calling NFA's Information Center toll-free at 800-621-3570 or by emailing NFA at information@nfa.futures.org.

Individuals or organizations may purchase multiple copies of the brochure for 80¢ each. Payment must accompany any request for multiple copies. Mail a check made payable to National Futures Association to NFA Information Center, 300 S. Riverside Plaza, #1800, Chicago, IL 60606.

Individuals also have the option of viewing and printing the publication by downloading it from the Investor Learning Center of NFA's Web site (www.nfa.futures.org).

The National Association of Securities Administrators Association (NASAA) recently published its forecast of the "Top 10 Traps Facing Investors." Listed as one of the traps was off-exchange foreign currency (forex) trading.

According to NASAA, "Foreign exchange (forex) trading can be legitimate for governments and businesses concerned about fluctuations in international currencies, and it can even be appropriate for some individual investors. But the average investor should be wary when it comes to these complex markets. Forex scams attract customers with sophisticated-sounding offers placed in newspaper advertisements, radio promotions, or on Internet sites. Remember: If you don't understand an investment, don't invest."

Other traps identified by NASAA include affinity fraud, oil and gas scams, Internet fraud, prime bank schemes, investment seminars, private securities offerings, real estate investment contracts, unlicensed individuals and unregistered products, and unsuitable sales. For more information, visit NASAA's Web site at www.nasaa.org.

For more information on the risks of forex trading, visit the Investor Learning Center of NFA's Web site (www.nfa.futures.org).

Compliance Director Sharon Pendleton will participate in a panel discussion entitled, "Making the Right Choices When Opening Your Forex Account" at the Forex Trading Expo, scheduled on September 15 and 16 in Las Vegas. Joining Sharon on the panel will be CFTC Deputy Director Lawrence Patent, Division of Clearing and Intermediary Oversight.

NFA will also sponsor an information booth in the exhibit hall, where staff will distribute forex education brochures and demonstrate how to conduct online background checks of forex firms and brokers.

"Investors attending the Expo spend a lot of time learning forex trading strategies," says Larry Dyekman, director of Communications and Education at NFA. "We give them the opportunity to spend an equal amount of time learning about the risks involved in trading forex and the firms who are vying for their money."

For more information on the expo, visit www.forextradingexpo.com.

In the second quarter of 2007, NFA's Business Conduct Comittee 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 Shamim Jalil Ahmed Alpha Foreign Exchange Group Anthony J. Columbo Anthony John Columbo, Inc. d/b/a Ace Financial Group Michael Berkowitz Brandywine Asset Management Kirk F. Chambers Chambers Golon Investments Commodity Futures & Options Service, Inc. Cytrade Financial LLC Alex Dekhtyar Direct Forex LLC Direct Trading Group LLC Patrick J. Driscoll Eiger International, Inc Imran Firoz Forex International Investments, Inc. FX Option1, Inc. Gain Capital Group LLC Global Elite Group Roland Hagman Horta International LLC Interactive Brokers LLC Marcin Jasinski Zachary Kholostoy Randall J. Kippes Jon R. Kramer Henrek M. Lalaian Juhn E. Lee Adam Leon Midas Communication Services LLC Joseph P. O'Mara Pro Active Futures, Inc. Spot FX Clearing Corp. John F. Stalzer Steadfast Futures and Options Member Responsibility Actions 11 Trading Inc. Christ Investment Service LLC Eiger Investment Group Joerg Heierle Lake Shore Asset Management Ltd. Laurence M. Rosenberg Trend Commodities Limited Partnership United Global Markets LLC Final Orders in Registration Cases Paul Van Dine