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For Immediate Release
October 22, 2014

For more information contact:
Alex Vorro (312) 781-1454,
Karen Wuertz (312) 781-1335,

NFA takes emergency enforcement action against Orlando, Florida firm Emini Experts LLC and its principal, Dante Stephen Giovannetti

October 22, Chicago — National Futures Association (NFA) announced today that it has taken an emergency enforcement action against Emini Experts LLC (Emini), an NFA Member commodity trading advisor (CTA) located in Orlando, Florida, and Dante Stephen Giovannetti (Giovannetti), a principal and associated person (AP) of Emini.

NFA has taken the Member Responsibility Action (MRA) and Associate Responsibility Action (ARA) to protect customers of Emini and Giovannetti since Emini and Giovannetti have allegedly lied and failed to cooperate with NFA throughout its attempted examination of the firm.

Specifically, NFA received a customer complaint which alleges that Giovannetti and/or entities owned or controlled by Giovannetti accepted approximately $700,000 from four customers to trade S&P E-mini futures contracts and/or invest in a company which would trade S&P E-mini futures contracts. Because Giovannetti and Emini have failed to cooperate with NFA throughout its attempted investigation of the firm, NFA is unable to determine what Giovannetti did with the $700,000 he collected from customers and whether Emini is in compliance with NFA requirements.

Effective immediately, Giovannnetti, Emini and any other entity operated or owned by Giovannetti are prohibited from soliciting or accepting any funds from customers or investors, soliciting investments for any managed accounts or investment vehicles either controlled or operated by Giovannetti or Emini. They are also prohibited from placing any trades, except liquidation or risk reducing trades, in any account or investment vehicle over which Giovannetti, Emini or any other entity operated or owned by Giovannetti exercise control. In addition, they are prohibited from disbursing or transferring any funds of customers, investors or investment vehicles over which they exercise control without prior approval from NFA.

The MRA/ARA will remain in effect until such time as Giovannetti and Emini have demonstrated to the satisfaction of NFA that they are in complete compliance with all NFA Requirements.

Giovannetti and Emini may request a hearing before NFA's Hearing Committee.

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

The following Compliance staff members are responsible for this case: Jennifer Sunu (312-781-1402) and Peter Krol (312-781-1291).

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