meta_id 3280909

On June 29, 2026, the Commodity Futures Trading Commission (CFTC) announced an enforcement order against Netrios LP Ltd. and Red Acre Ltd. for facilitating illegal off-exchange leveraged or margined retail commodity transactions involving U.S. customers who were not eligible contract participants. Under the order, Netrios must pay a $1.75 million civil monetary penalty, and Red Acre must pay a $750,000 civil monetary penalty. Both firms must cease and desist from the unlawful conduct. The CFTC found that Netrios sold a specialized service providing essential functions used to offer and sell leveraged or margined retail commodities through offshore, off-exchange branded platforms that solicited U.S. customers without regard for whether those customers met eligible contract participant requirements. Red Acre intentionally supported Netrios by providing customer and other support services. In doing so, Netrios carried out activities that lawfully could only be performed on a CFTC-registered exchange, and Red Acre aided and abetted Netrios's illegal activities. The enforcement action targets firms operating outside regulatory frameworks to serve U.S. retail customers in violation of CFTC rules governing off-exchange transactions. The order demonstrates the CFTC's commitment to protecting retail customers from unlicensed commodity trading platforms and ensuring compliance with eligibility requirements for leveraged trading. The Securities and Exchange Commission (SEC) announced the filing and settling of charges against both firms based on the same underlying conduct. The CFTC coordinated with the SEC, the Central Bank of Ireland, the Financial Services Authority of Seychelles, and the Malta Financial Services Authority in this enforcement action.