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For Immediate Release
September 18, 2009

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

NFA permanently bars Florida commodity trading advisor Capital Blu Management LLC

September 18, Chicago - National Futures Association (NFA) has permanently barred from NFA membership Capital Blu Management LLC (Capital Blu), a Commodity Trading Advisor located in Melbourne, Florida. The Decision, issued by NFA's Business Conduct Committee, is based on an NFA Complaint filed in June 2009.

The Committee found that Capital Blu failed to cooperate fully and promptly with NFA in its investigation of the firm's operations.

The Decision is one of a series of actions taken against Capital Blu. In September 2008, NFA issued a Member Responsibility Action (MRA) prompted by NFA's investigation which was based upon customer allegations that Capital Blu had provided false statements to customers and participants in the CBM FX Fund LP and possibly other pools. See previous press release.

Additionally in April 2009, the Commodity Futures Trading Commission (CFTC) filed an action in federal court in Florida charging Capital Blu along with other defendants with depositing customer funds into multiple Capital Blu bank accounts, which were commingled and misappropriated for personal use. The Court entered a temporary restraining order freezing their assets and prohibiting Capital Blu from destroying books and records. See narrative of the CFTC Action.

The complete text of the Complaint and Decision can be found on NFA's website (http://www.nfa.futures.org)

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

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