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For Immediate Release
October 27, 1999

For more information contact:
Laura M. Oatney
(312) 781-1370 or
Jennifer Bucko
(312) 781-1373

NFA bars former First Commercial Financial Group, Inc. AP

October 27, Chicago - National Futures Association ordered John A. Hermanson never to reapply for NFA membership. Hermanson is a former associated person (AP) of First Commercial Financial Group, Inc., a former futures commission merchant Member of NFA located in Chicago, Illinois. Hermanson submitted a settlement offer in which he neither admitted nor denied the allegations in the Complaint.

The Complaint alleged that Hermanson, First Commercial and Mark E. Rehn, a former AP of First Commercial, failed to uphold high standards of commercial honor and just and equitable principles of trade in that they engaged in fraudulent end-of-month cash transfers in order to disguise deficiencies in First Commercial's adjusted net capital.

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

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