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For Immediate Release
April 26, 2010

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 Houston firm Commodity Futures & Options Service, Inc.; sanctions its principal

April 26, Chicago - National Futures Association (NFA) has permanently barred from NFA membership Commodity Futures & Options Service, Inc. (CF&O). CF&O is an Introducing Broker located in Houston, Texas. Bryan L. Wright, an associated person and principal of CF&O was also barred from NFA membership for a period of five years. Wright must pay a fine of $10,000 if he reapplies for NFA membership after the five-year bar. The Decision, issued by an NFA Hearing Panel, is based on an NFA Complaint filed in September 2009 and a settlement offer submitted by CF&O and Wright.

The Panel found that CF&O failed to maintain the required minimum adjusted net capital, failed to file telegraphic notice that it was under its net capital requirement, failed to keep accurate financial records and records that properly identified the sources of CF&O's capital, and failed to list certain entities and individuals as principals of CF&O. The Panel also found that CF&O and Wright failed to adequately supervise CF&O's operations.

The complete text of the Complaint, respondents' Answer and Decision can be found on NFA's website (www.nfa.futures.org).

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 futures markets.
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