CFTC Orders Raja Michael Mawad and His Texas-Based Company, RNS Holdings LP, to Pay a Civil Monetary and Restitution Totaling More than $389,000 for Fraud and Failure to File Required Annual Reports

The U.S. Commodity Futures Trading Commission (CFTC) filed and simultaneously settled charges against Respondents Raja Michael Mawad, who resided in Houston, Texas, and the company he founded, owned, and ran, RNS Holdings LP, a Texas corporation headquartered in Houston, Texas, charging them with engaging in acts or practices which operated as a fraud upon participants in a commodity pool they operated and failing to distribute to participants and submit to the National Futures Association the Annual Reports required of a CFTC-registered Commodity Pool Operator.