The CFTC ordered a monetary penalty and permanently bans Garen Ovsepyan, Sharpe Signa LLC and Haeres Capital LLC from the commodities industry.  The ban was for misrepresentation of $145 million vs $15 million assets under management (AUM).  Also, the forex trading advisor was not registered as a CTA and claimed a false exemption from AUM.  Link to CFTC Fraud.