Case Summary

NOTICE OF MEMBER RESPONSIBILITY ACTION AND ASSOCIATE RESPONSIBILITY ACTION:

On June 22, 2012, NFA issued a Member Responsibility Action ("MRA") against Altamont Global Partners LLC ("AGP") and an Associate Responsibility Action ("ARA") against John G. Wilkins ("Wilkins") whereby:

1. Effective immediately, AGP, Wilkins or any personnel, employees or agents of AGP are prohibited from soliciting or accepting any funds from customers or investors for pools or other investment vehicles, including the Matterhorn Fund LLC (Matterhorn Fund), the McKinley Fund LLC (McKinley Fund) and the Binary Strategy One Fund LLC (Binary Fund) or placing any trades, except liquidation or risk reducing trades in the Matterhorn Fund, McKinley Fund, Binary Fund or any other customer account or fund over which AGP, Wilkins or any personnel of AGP exercise control;

2. AGP, Wilkins, LLC members and owners of AGP, and any other personnel, employees or agents of AGP are prohibited from disbursing or transferring any funds of AGP, funds of customers, investors or pools over which they exercise control, or participants in any such pools, without prior approval from NFA; such prohibition includes withdrawing or transferring funds from bank accounts, brokerage accounts, or accounts at other financial institutions which are in the name of AGP, Wilkins, or any of the LLC members or owners of AGP, or over which any of them exercise control, without prior approval from NFA; and

3. AGP and Wilkins are required to provide copies of this MRA/ARA via overnight courier to all: a) participants in the Matterhorn, McKinley and Binary Funds; b) all commodity trading advisors who direct trading in either the Matterhorn, McKinley or Binary Funds or any account or investment vehicles over which AGP or Wilkins exercise control; and c) all financial institutions in which money, securities or any other property is on deposit in the name of AGP, the McKinley Fund, the Matterhorn Fund or the Binary Fund or any accounts over which AGP, Wilkins or any personnel, employees or agents of AGP exercise control.

This action is effective immediately and is deemed necessary to protect customers of AGP, and participants in the Matterhorn, McKinley and Binary Funds, as well as investors in any other commodity pools and other investment vehicles controlled by AGP and/or Wilkins, based on the following facts and circumstances: NFA has determined that Wilkins and AGP obtained substantial sums of money from investors which was to be invested in the Matterhorn and McKinley Funds (potentially in excess of $12 million); that Wilkins, an individual named Philip Leon, who is a the Managing Member of AGP (but is not listed as a principal or registered as an AP of the firm) and an individual named Paul Rangel who is an owner and vice president of AGP (but also not a listed principal or registered as an AP of the firm) misappropriated millions of dollars from the Matterhorn and McKinley Funds and converted such money to their own use; that AGP and Wilkins lied to NFA about the value of the assets of the Matterhorn and McKinley Funds; that Wilkins and AGP sent false pool statements to participants in the Matterhorn and McKinley Funds which inflated the value of participants' interests in order to conceal the fact that much, if not all, of their investments had been misappropriated and/or lost through trading; and that AGP and Wilkins wrongly claimed an exemption for AGP and its pools under Commodity Futures Trading Commission Regulation 4.13(a)(4) since AGP did not qualify for such exemption because many of the participants in the Funds were not "qualified purchasers."

The MRA and ARA will remain in effect until such time as AGP and Wilkins have demonstrated to the satisfaction of NFA that they are in complete compliance with all NFA Requirements.

NOTICE OF MEMBER RESPONSIBILITY ACTION AND ASSOCIATE RESPONSIBILITY ACTION:

On June 22, 2012, NFA issued a Member Responsibility Action ("MRA") against Altamont Global Partners LLC ("AGP") and an Associate Responsibility Action ("ARA") against John G. Wilkins ("Wilkins") whereby:

1. Effective immediately, AGP, Wilkins or any personnel, employees or agents of AGP are prohibited from soliciting or accepting any funds from customers or investors for pools or other investment vehicles, including the Matterhorn Fund LLC (Matterhorn Fund), the McKinley Fund LLC (McKinley Fund) and the Binary Strategy One Fund LLC (Binary Fund) or placing any trades, except liquidation or risk reducing trades in the Matterhorn Fund, McKinley Fund, Binary Fund or any other customer account or fund over which AGP, Wilkins or any personnel of AGP exercise control;

2. AGP, Wilkins, LLC members and owners of AGP, and any other personnel, employees or agents of AGP are prohibited from disbursing or transferring any funds of AGP, funds of customers, investors or pools over which they exercise control, or participants in any such pools, without prior approval from NFA; such prohibition includes withdrawing or transferring funds from bank accounts, brokerage accounts, or accounts at other financial institutions which are in the name of AGP, Wilkins, or any of the LLC members or owners of AGP, or over which any of them exercise control, without prior approval from NFA; and

3. AGP and Wilkins are required to provide copies of this MRA/ARA via overnight courier to all: a) participants in the Matterhorn, McKinley and Binary Funds; b) all commodity trading advisors who direct trading in either the Matterhorn, McKinley or Binary Funds or any account or investment vehicles over which AGP or Wilkins exercise control; and c) all financial institutions in which money, securities or any other property is on deposit in the name of AGP, the McKinley Fund, the Matterhorn Fund or the Binary Fund or any accounts over which AGP, Wilkins or any personnel, employees or agents of AGP exercise control.

This action is effective immediately and is deemed necessary to protect customers of AGP, and participants in the Matterhorn, McKinley and Binary Funds, as well as investors in any other commodity pools and other investment vehicles controlled by AGP and/or Wilkins, based on the following facts and circumstances: NFA has determined that Wilkins and AGP obtained substantial sums of money from investors which was to be invested in the Matterhorn and McKinley Funds (potentially in excess of $12 million); that Wilkins, an individual named Philip Leon, who is a the Managing Member of AGP (but is not listed as a principal or registered as an AP of the firm) and an individual named Paul Rangel who is an owner and vice president of AGP (but also not a listed principal or registered as an AP of the firm) misappropriated millions of dollars from the Matterhorn and McKinley Funds and converted such money to their own use; that AGP and Wilkins lied to NFA about the value of the assets of the Matterhorn and McKinley Funds; that Wilkins and AGP sent false pool statements to participants in the Matterhorn and McKinley Funds which inflated the value of participants' interests in order to conceal the fact that much, if not all, of their investments had been misappropriated and/or lost through trading; and that AGP and Wilkins wrongly claimed an exemption for AGP and its pools under Commodity Futures Trading Commission Regulation 4.13(a)(4) since AGP did not qualify for such exemption because many of the participants in the Funds were not "qualified purchasers."

The MRA and ARA will remain in effect until such time as AGP and Wilkins have demonstrated to the satisfaction of NFA that they are in complete compliance with all NFA Requirements.