The National Futures Association (NFA) has permanently barred from NFA membership Clash Financial LLC (Clash Financial), an Introducing Broker located in Lawrenceville, Georgia. Phil A. Owens, sole principal and associated person of Clash Financial, is also barred from NFA membership and principal status for a period of six years and barred from associate membership for a period of three years. The Complaint charged that Owens and Clash Financial recommended trades that maximized commissions without regard for the best interests of a customer and made deceptive sales solicitations. In the event that he reapplies for NFA membership after the expiration of the bar he must also pay a fine of $15,000. The Decision, issued by an NFA Hearing Panel, is based upon an NFA Complaint filed in October 2010 and a settlement offer submitted by Clash Financial and Owens.