News Releases

2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | Show fewer years

For Immediate Release
October 20, 2011

For more information contact:
Larry Dyekman (312) 781-1372,
Karen Wuertz (312) 781-1335,

NFA takes emergency enforcement action against Denver Difference Energy and its principal

October 20, Chicago - National Futures Association (NFA) announced today that it has taken an emergency enforcement action against Denver Difference Energy LLC (DDE) and Mukeeze Muwanga, the firm's principal and associated person. DDE is a Commodity Pool Operator located in Aurora, Colorado. Effective immediately, DDE and Muwanga are suspended from NFA membership.

DDE and Muwanga have failed to cooperate with NFA throughout the investigation of the firm. Based on NFA's investigation, NFA believes that Muwanga improperly commingled DDE's pool assets with the firm's assets and that Muwanga used pool assets to fund his own personal expenses. Due to Muwanga's failure to cooperate, NFA is unable to determine if the firm has assets beyond the $933.60 in its operating account, how many pool participants exist, how much each participant is owed and whether pool participants are aware of DDE's current financial condition.

The Member Responsibility Action (MRA)/Associate Responsibility Action (ARA) prohibit DDE and Muwanga from disbursing or transferring any customer funds without prior NFA approval. The MRA/ARA will remain in effect until such time DDE and Muwanga demonstrate that they are in complete compliance with all NFA Requirements. DDE and Muwanga may request a prompt hearing before NFA's Hearing Committee.

The complete text of MRA/ARA can be viewed on NFA's website (

The following Compliance staff members are responsible for this case: Valerie O'Malley, Compliance Senior Manager (312-781-1290) and Kelly Cargor, Compliance Field Supervisor (312-781-1217).

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

Subscribe to NFA Email Communications