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For Immediate Release
June 28, 2007

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

NFA suspends Boca Raton firm, Ace Financial Group and its principal, Anthony J. Columbo

June 28, Chicago - National Futures Association (NFA) has suspended Anthony John Columbo, Inc. doing business as Ace Financial Group and its principal, Anthony J. Columbo from NFA membership for a period of one year. Ace Financial Group is an Introducing Broker located in Boca Raton, Florida. The Decision, issued by an NFA Hearing Panel, is based on a Complaint filed in November 2006 and a settlement offer submitted by Ace Financial Group and Columbo.

The Panel found that Ace Financial Group, acting through its associated persons (APs), and Columbo utilized a high-pressure approach and made misleading and deceptive statements in their solicitations of prospective customers. In addition, the Panel found that Ace Financial Group and its APs suggested to prospective customers, that well-known current events would move the market and lead to inevitable profits without disclosing that these events were already factored into the market. Additionally, the Panel found that Ace Financial Group and Columbo failed to adequately supervise Ace Financial Group's sales force.

NFA previously issued other Decisions in this case, charging several former APs of Ace Financial Group with making misleading sales solicitations. 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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