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CFTC Orders New York Resident Nathan Schleifer and Galileo Trading to Pay Restitution and Penalties Totaling More than $1.6 Million for Commodity Futures Fraud

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The U.S. Commodity Futures Trading Commission (CFTC) today 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 regarding their trading practices.



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