National Futures Association Distributes Nearly $3.4 Million in Restitution Payments to Victims in Illegal Off-exchange Metal Options Case

National Futures Association (NFA) announced today that it has distributed close to $3.4 million to 242 investors as part of a consent order issued on April 11, 2008, against E-Metal Merchants, Inc. and two of the firm's officers, Benji Dayan and Andrew Stern.

Chicago, IL (Vocus/PRWEB ) December 5, 2008 -- National Futures Association (NFA) announced today that it has distributed close to $3.4 million to 242 investors as part of a consent order issued on April 11, 2008, against E-Metal Merchants, Inc. and two of the firm's officers, Benji Dayan and Andrew Stern. The case was filed by the Commodity Futures Trading Commission (CFTC) in the United States District Court for the Southern District of Florida (05-12571-Civ-Lenard-Torres).

NFA does not charge any fees for administering our restitution service, because we want to return as much money as possible to the victims

In the past 10 years, NFA has distributed nearly $19 million to over 7,300 investors.

NFA's restitution program usually applies to judgments awarded in cases brought by the CFTC involving commodity fraud. As part of the resolution of these cases, NFA is named to administer the restitution process.

"NFA does not charge any fees for administering our restitution service, because we want to return as much money as possible to the victims," said NFA President Dan Roth. "In the past 10 years, NFA has distributed nearly $19 million to over 7,300 investors."
    
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.

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