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March 02, 2006
NFA suspends associate of Florida futures firm
March 2, Chicago - National Futures Association has issued a three-month suspension from NFA membership to Gregory S. Atz, a former associated person of United Investors Group, a former introducing broker Member of NFA which was located in Deerfield Beach, Florida. The Decision, issued by NFA's Hearing Panel, is based on the charges contained in an NFA Complaint filed against Atz in April 2005 and an Offer of Settlement submitted by Atz. The suspension becomes effective on April 1, 2006. In addition, the Hearing Panel fined Atz $7,500. Following his suspension, Atz is required to tape record all of his conversations with customers, as well as those of all firms of which he is a principal, for six months.
The NFA Complaint charged that Atz made deceptive and misleading statements during his sales solicitations. The Hearing Panel's Decision, accepting Atz's settlement offer, found that Atz committed the violations alleged in the Complaint. The complete text of the Complaint and Decision can be found on NFA's Web site (www.nfa.futures.org).
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