# CFTC Sanctions Unregistered Brokers

The CFTC issued orders against eight individuals who acted as unregistered associated persons of foreign introducing brokers that solicited U.S. customers for certain off-exchange retail foreign currency and commodity transactions. The orders require the individuals to cease and desist and restrict their CFTC registration and work with CFTC registrants for two years. This is an enforcement and compliance development, not a contract award or solicitation.

- Businesses engaging intermediaries for covered foreign currency or commodity activity should verify relevant CFTC registration status and consider whether counterparties or personnel are subject to registration restrictions.
- Procurement and compliance teams working with CFTC registrants can factor the two-year restrictions into screening of prospective personnel and business relationships where applicable.
- The signal identifies no procurement vehicle, contract value, solicitation, or response deadline; it does not present a direct bidding opportunity.

**Jurisdictions:** federal
**Topics:** Regulatory Compliance
**Published:** November 10, 2026

### Government Entities
- Commodity Futures Trading Commission (CFTC)

### Vendors
- Netrios LP Ltd. (Foreign introducing broker associated with the CFTC enforcement action)
- Red Acre Ltd. (Foreign introducing broker associated with the CFTC enforcement action)

### Sources
- [CFTC Sanctions Eight Individuals for Acting as Unregistered Associated Persons of Foreign Introducing Brokers | CFTC](https://www.cftc.gov/PressRoom/PressReleases/9324-26) - CFTC