News & Notices | National Futures Association

News Releases

2017 | 2016 | 2015 | 2014 | 2013 | Show more years

For Immediate Release
November 20, 2007

For more information contact:
Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org
Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org

NFA suspends H. Tony Cantillo, a former associated person of American Atlantic Financial Corp.

November 20, Chicago - National Futures Association (NFA) has suspended H. Tony Cantillo (Cantillo), a former associated person of American Atlantic Financial Corp. (American Atlantic), from NFA associate membership for a period of one year. American Atlantic is an Introducing Broker located in Fort Lauderdale, Florida. The Decision, issued by an NFA Hearing Panel, is based on a Complaint filed in April 2007 and a settlement offer submitted by Cantillo.

The Panel found that Cantillo made misleading sales solicitations to an NFA Compliance staff member, who posed as a prospective customer. Cantillo exaggerated profit potential, downplayed the risk of loss in trading and failed to disclose that 90% of American Atlantic's customers lost money.

In the event that Cantillo becomes an NFA Member after the expiration of the one year membership bar, Cantillo must pay a fine of $5,000 and must tape record all conversations between him and existing or potential customers for a period of six months.

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

Subscribe to NFA Email Communications