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For Immediate Release
June 18, 2007

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

NFA permanently bars Las Vegas forex firm, Spot FX Clearing Corp.

June 18, Chicago - National Futures Association (NFA) has permanently barred Spot FX Clearing Corp. (Spot FX) from NFA membership and has barred its principal, John F. Stalzer from NFA membership and Associate and principal status for a period of three years. Spot FX is a former Futures Commission Merchant and Forex Dealer Member located in Las Vegas, Nevada. The Decision, issued by NFA's Business Conduct Committee, is based on a Complaint filed in April 2007 and a settlement offer submitted by Spot FX and Stalzer.

The Committee found that Stalzer failed to diligently supervise Spot FX's employees and agents in their conduct of foreign currency futures and options (forex) activities.

This Decision is one of several recent NFA enforcement actions taken against Spot FX. In October 2006, NFA issued an emergency Member Responsibility Action (MRA) against Spot FX for failing to meet minimum financial requirements. In November 2006, NFA issued an amended MRA against Spot FX because it continued to fail to demonstrate to NFA that it maintained adjusted net capital in accordance with NFA Financial Requirements and because it failed to demonstrate that it had adequate internal controls and financial records. See previous press release.

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 futures markets.
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