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For Immediate Release
December 17, 1999

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

NFA expels AZF Investments, Inc.

December 17, Chicago - National Futures Association permanently expelled AZF Investments, Inc. from membership. AZF is an introducing broker NFA Member located in North Las Vegas, Nevada.

The Complaint issued by NFA's Business Conduct Committee alleged that AZF failed to file several financial reports with NFA. AZF failed to file an Answer to the Complaint or to request a hearing on this matter and was deemed to have admitted the facts and legal conclusions alleged in the Complaint and to have waived its right to a hearing.

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

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