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For Immediate Release
February 7, 2002

For more information contact:
Larry Dyekman, (312) 781-1372
Jennifer Bucko, (312) 781-1373

NFA suspends two Michigan firms and their president

February 7, Chicago - National Futures Association took a summary action to suspend two firms and an individual yesterday for providing false information to NFA. Those involved are Commodity Consultants International, Inc. (CCI), FutureWise Trading Group, Inc. (FutureWise) and Todd James Snively (Snively), the president of these two firms. In addition to the suspension from NFA membership, they are also prohibited from acting in any manner which requires registration under the Commodity Exchange Act, including soliciting and accepting additional customer funds and accepting or placing trades for accounts except for liquidating positions.

NFA's action was prompted by a customer who complained to NFA that he could not withdraw funds from an account he had at CCI, when CCI previously represented to NFA that it was not holding customer funds. The customer complaint and the apparent false information from CCI caused concerns whether CCI had properly handled customer funds.

NFA has contacted a number of futures commission merchants and posted a Notice on its web site at, requesting information about CCI, FutureWise and Snively in an attempt to determine if CCI has customer accounts and, if so, the identity of its clearing firm. Anyone with information should contact NFA immediately.

NFA is a congressionally authorized self-regulatory organization for the U.S. futures industry.

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