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CFTC Press Releases·

CFTC Sanctions Eight Individuals for Acting as Unregistered Associated Persons of Foreign Introducing Brokers

  • The CFTC sanctioned eight individuals including Michael Talento, Anthony Tyler Williams, Quillan Roberto Black, Christopher Williams, Michael Levi Peters, Jordan Taylor Morgan, Lewis Matthew Neal, and Tyler Evan MacKechnie.
  • The individuals acted as unregistered associated persons of unregistered foreign introducing brokers.
  • The brokers solicited U.S. customers ineligible as contract participants for off-exchange leveraged retail foreign currency and commodities transactions.
  • The respondents are ordered to cease and desist from illegal conduct.
  • Each respondent is barred for two years from registering with the CFTC or acting as a principal, agent, or employee of any CFTC registrant.
  • The orders recognize penalties the respondents owe in related SEC proceedings based on the same conduct.
  • These sanctions relate to prior CFTC orders against Netrios LP Ltd. and Red Acre Ltd. for facilitating illegal off-exchange commodity transactions with U.S. customers.
  • The SEC has filed and settled charges against the respondents for the underlying conduct.