CPO and Principal Settle NFA Charges for Making Improper Loans and Advances

A CPO and its principal settled NFA charges for making improper loans and advances of pool assets.

According to the Decision, Cillian Holdings LLC ("Cillian") and its principal Jeremy O'Friel (i) made improper loans and advances, (ii) failed to list pools and file pool quarterly reports and annual reports, and (iii) did not enact sufficient supervisory processes.

Cillian and Mr. O'Friel agreed to pay NFA a fine of $25,000. Additionally, they both agreed that the fine would not be paid out of any of Cillian's pools, and to pay any outstanding balances on Cillian's affected pools.