Home > News Center > News Releases

News Releases

2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999

Subscribe to our feed Follow NFA_News on Twitter
Email This to a Friend
For Immediate Release
October 27, 1999

For more information contact:
Laura M. Oatney
(312) 781-1370 or
Jennifer Bucko
(312) 781-1373
http://www.nfa.futures.org

NFA bars former First Commercial Financial Group, Inc. AP

October 27, Chicago - National Futures Association ordered John A. Hermanson never to reapply for NFA membership. Hermanson is a former associated person (AP) of First Commercial Financial Group, Inc., a former futures commission merchant Member of NFA located in Chicago, Illinois. Hermanson submitted a settlement offer in which he neither admitted nor denied the allegations in the Complaint.

The Complaint alleged that Hermanson, First Commercial and Mark E. Rehn, a former AP of First Commercial, failed to uphold high standards of commercial honor and just and equitable principles of trade in that they engaged in fraudulent end-of-month cash transfers in order to disguise deficiencies in First Commercial's adjusted net capital.

NFA is a congressionally authorized self-regulatory organization for the U.S. futures industry.

NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets.
Site Index | Contact NFA | News Center | FAQs | Career Opportunities | Industry Links | Home
© National Futures Association All Rights Reserved. | Disclaimer and Privacy Policy