CFTC Bars Eight Individuals Over Unregistered Foreign Broker Activity
The **Commodity Futures Trading Commission (CFTC)** settled charges against eight individuals for soliciting U.S. customers through unregistered foreign introducing brokers in certain off-exchange retail currency and commodity transactions. The orders require them to cease and desist and bar them for two years from CFTC registration or work as a principal, agent, or employee of a CFTC registrant, creating a compliance-screening consideration rather than a procurement opportunity.