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For Immediate Release
May 9, 2008

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 Ryan S. Cubiotti, former NFA Associate of Deerfield Beach, Florida

May 9, Chicago - National Futures Association (NFA) has permanently barred Ryan S. Cubiotti of Deerfield Beach, Florida from NFA membership. Cubiotti is a former NFA Associate and associated person of Liberty Real Assets Investment Corporation, formerly an Introducing Broker located in Pompano Beach, Florida. The Decision, issued by NFA's Business Conduct Committee, is based on the Complaint filed in December 2007.

Cubiotti failed to answer the Complaint and, therefore, was deemed to have admitted the allegations against him and waived his right to a hearing. The Committee found that Cubiotti made misleading sales solicitations and failed to comply with the taping requirements imposed upon him by an NFA Hearing Panel in a previous disciplinary action concerning sales practice fraud.

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