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For Immediate Release
October 31, 2008

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

NFA takes emergency enforcement action against SNC Investments, Inc. and its principal, Peter Son

October 31, Chicago - National Futures Association (NFA) announced that it has taken an emergency enforcement action that suspends SNC Investments, Inc. (SNC) and its principal, Peter Son, from NFA membership and associate membership, respectively. SNC is a Futures Commission Merchant, Commodity Pool Operator, Commodity Trading Advisor and former Forex Dealer Member. SNC is located in New York City with a branch office in Pleasanton, California.

The Member Responsibility Action (MRA), effective immediately, is deemed necessary to protect customers because SNC and Son have suddenly ceased operations, Son is reported missing, and there are allegations that millions of dollars in customer funds are also missing. Under the circumstances, NFA is unable to determine if SNC and Son are in compliance with NFA Requirements or if they have misappropriated customer funds.

Additionally, the MRA prohibits SNC and Son from soliciting or accepting any funds from customers, pool participants or investors. SNC and Son are also prohibited from placing trades on behalf of customers and from disbursing or transferring any funds of customers, pool participants or investors from any accounts without prior NFA approval. The MRA will remain in effect until such time SNC and Son have demonstrated to NFA that they are in complete compliance with NFA Requirements. SNC and Son may request a hearing before NFA's Hearing Committee.

NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.

NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets.
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