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For Immediate Release
July 14, 2000

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

NFA bars or fines five APs of American Financial Trading Corp.

July 14, Chicago - National Futures Association barred or fined five associated persons of American Financial Trading Corp. for allegedly making deceptive and misleading representations to members of the public during the course of sales solicitations on behalf of AFTC, an introducing broker NFA Member located in Fort Lauderdale, Florida.

NFA fined Ted L. Romeo $30,000 and ordered him to tape-record his conversations with customers and prospective customers for a period of one year. Max Goldstein, Melvin Kline and Eugene J. McCabe, Jr. were ordered to withdraw as NFA Associates and not to reapply for a period of one year. If Goldstein, Kline or McCabe should become NFA Members or Associates after that one-year period, they are ordered to tape-record their conversations with customers and prospective customers for a period of six months. Mark J. Coslov was ordered to withdraw as an NFA Associate and not to reapply for a period of six months. If Coslov should become an NFA Member or Associate after that six-month period, he is ordered to tape-record his conversations with customers and prospective customers for a period of six months. Romeo, Goldstein, Kline, McCabe and Coslov neither admitted nor denied the allegations in the Complaint.

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

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