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For Immediate Release
September 22, 2009

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

NFA permanently bars New York firm Changes Capital Management LLC and its principal

September 22, Chicago - National Futures Association (NFA) has permanently barred from NFA membership Changes Capital Management LLC (CCM), a Commodity Trading Advisor located in New York City, and its principal, Pinank V. Shah. The Decision, issued by NFA's Business Conduct Committee, is based on an NFA Complaint filed in June 2009.

The Committee found that CCM and Shah failed to cooperate with NFA in its inquiry of the firm's business operations.

The complete text of the Complaint and Decision can be found on NFA's website (

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