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For Immediate Release
December 18, 2009

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 Arizona firm Wholesale Asset Management LLC and its principal

December 18, Chicago - National Futures Association (NFA) has permanently barred Wholesale Asset Management LLC (Wholesale Asset Management) and its sole principal and associated person, Jared D. Coad, from NFA membership. Wholesale Asset Management is a Commodity Trading Advisor located in Scottsdale, Arizona. The Decision, issued by NFA's Business Conduct Committee, is based on an NFA Complaint filed in September 2009.

The Committee found that Wholesale Asset Management and Coad failed to cooperate with NFA in its audit of the firm and the firm's operations. The audit was prompted when a customer posted a complaint on the internet that Wholesale Asset Management refused to return the customer's funds when asked by the customer.

In addition, Wholesale Asset Management and Coad failed to file the required Answer to the Complaint and, in fact, failed to respond to the Complaint in any way. The complete text of the Complaint and Decision is available on NFA's website (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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