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For Immediate Release
June 21, 2012

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 Boulder, Colorado futures firms, Arjent Capital Advisors LLC and Chicago Trading Managers LLC; bars Spencer K. Montgomery, the firms' principal, for three years

June 21, Chicago - National Futures Association (NFA) has permanently barred Arjent Capital Advisors LLC (ACA), a commodity pool operator, and Chicago Trading Managers LLC (CTM), a commodity pool operator and commodity trading advisor, located in Boulder, Colorado. NFA also barred Spencer K. Montgomery, the firms' principal, from NFA membership for three years. The Decision, issued by NFA's Hearing Panel, is based on a Complaint filed on March 12, 2012 and a settlement offer submitted by ACA, CTM and Montgomery.

The Panel found that ACA, CTM and Montgomery failed to observe high standards of commercial honor and just and equitable principles of trade while operating their pools and that they also willfully made false reports to customers in that they provided their customers with false trading statements which concealed negative capital balances in the pools' trading accounts. In addition, the Panel found ACA and CTM failed to file an exemption notice, a disclosure document or annual financial statement for the pools with NFA and failed to furnish participants in the pool with a financial statement.

The complete text of the Complaint and Decision can be viewed 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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