The Commodity Futures Trading Commission (CFTC) recently issued an order for filing, and at the same time resolved its complaint against Peter L..Charges against Bryant and his company, Bryant Capital Trade Management Corporation, for not being registered as a commodity trading adviser (CTA) while acting as an unregistered CTA。

The order requires Bryant and Bryant Capital to make joint and separate payments of 55,655.$90 in damages and $195,000 in civil penalties, and cease and desist from any further violation of the provisions of the Commodity Exchange Act (CEA) and the CFTC。

In addition, the command also applies to Peter L..Bryant and Bryant Capital implement four-year trading and registration ban。

According to the order, from approximately February 2014 to approximately December 2022, Bryant and Bryant Capital acted as unregistered CTAs through direct outreach, electronic communications, newsletters, and online advertising.。Such solicitation provides advice on the value of and advice on trading commodity options, futures and / or swaps in energy markets and facilitates paid trading advisory services for respondents。

The order also states that these tenders included a significant number of false and misleading statements relating to its business and performance, its expertise and experience in the energy derivatives market, its customer base, its past performance and the applicability of the CFTC registration requirements to its business.。

Instead, the statements were found in the order to be completely fabricated。Respondents also mistakenly believe that their businesses are operating as "exempt swap intermediaries" and do not require CFTC registration.。

In addition, respondents "misrepresentations about their business and services resulted in customer losses of at least $55,655.。

The U.S. Commodity Futures Trading Commission has warned that orders requiring payment of funds to victims may not be fulfilled because wrongdoers may not have sufficient funds or assets.。