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For Immediate Release
March 20, 2007

For more information contact:
Larry Dyekman (312) 781-1372,
Karen Wuertz (312) 781-1335,

NFA orders Brewer Futures Group, LLC and its principal, Steven J. Brewer to pay $45,000 fine

March 20, Chicago - National Futures Association (NFA) has ordered Brewer Futures Group, LLC (BFG) and its principal, Steven J. Brewer, to pay a fine of $45,000. BFG is an Introducing Broker and former Commodity Pool Operator (CPO) located in Chicago, Illinois. The Decision, issued by an NFA Hearing Panel, is based on a Complaint filed in May 2006 and a settlement offer submitted by BFG and Brewer.

The Hearing Panel found that BFG failed to file and distribute pool statements. The Hearing Panel also found that BFG failed to review and approve promotional material and maintain support for performance data in promotional material. Additionally, the Hearing Panel found that BFG failed to maintain required books and records, failed to implement an adequate anti-money laundering program. Furthermore, the Hearing Panel found that BFG and Brewer failed to supervise their employees.

Along with the $45,000 fine, BFG and any other NFA Member of which Brewer is principal are prohibited from applying for registration as a CPO, operating any commodity pools, using any promotional material unless approved by NFA, and employing any associated person who has been sponsored by a Member that is on NFA's list of firms that have been disciplined for sales practice fraud.

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

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