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For Immediate Release
December 22, 2010

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

NFA permanently bars New Jersey firm Maxtak Capital Advisors LLC from NFA membership

December 22, Chicago - National Futures Association (NFA) has permanently barred Maxtak Capital Advisors LLC from NFA membership. Maxtak Capital Advisors is a Commodity Trading Advisor and Commodity Pool Operator located in Short Hills, New Jersey. Additionally, Jonathan Petak, principal and an associated person of Maxtak Capital Advisors, is barred from NFA membership for a period of two years. In the event that Petak reapplies for NFA membership after the two year bar, he must also pay a fine of $50,000. The Decision, issued by an NFA Hearing Panel, is based on an NFA Complaint filed in August 2010 and a settlement offer submitted by Maxtak Capital Advisors and Petak.

The Panel found that Maxtak Capital Advisors and Petak failed to diligently supervise its employees in the conduct of their commodity futures activities; failed to disclose information to pool participants; and failed to make prudent investment decisions on behalf of their pool. Additionally, Maxtak Capital Advisors conducted business with an unregistered entity and failed to list an individual as a principal of the firm.

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

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