April 13, 2016 BY LeapRate Staff

Nathan Schleifer and Galileo Trading banned by the CFTC and fined $1.6 million for commodities fraud

The U.S. Commodity Futures Trading Commission (CFTC) has settled charges against Nathan Schleifer of New York City, and his company Galileo Trading LLC for fraudulently soliciting customers to trade commodity futures, and for repeatedly making numerous false statements and material misrepresentations to the National Futures Association (NFA) regarding their trading practices. From at least 1999 through…

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