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For Immediate Release
June 22, 2012

For more information contact:
Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org
Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org

NFA takes emergency enforcement action against Florida commodity pool operator and forex firm, Altamont Global Partners and its principal

June 22, Chicago - National Futures Association (NFA) announced today that it has taken an emergency enforcement action against Altamont Global Partners LLC (AGP) and its principal and associated person (AP), John G. Wilkins. AGP is a commodity pool operator NFA Member and forex firm located in Longwood, Florida and operates the Matterhorn Fund LLC (Matterhorn Fund) and McKinley Fund LLC (McKinley Fund).

NFA has taken the Member Responsibility Action and Associate Responsibility Action because NFA has determined that AGP, Wilkins and two other individuals affiliated with AGP, Philip Leon and Paul Rangel, have likely misappropriated approximately $3.55 million of the funds invested in the Matterhorn and McKinley Funds (Funds). In addition, Wilkins and AGP lied to NFA about the value of the assets in these Funds and also provided false pool statements to the Funds' participants. The statements concealed the fact that a substantial portion of participants' investments had been misappropriated and/or lost through trading. Wilkins admitted to NFA that AGP provided pool participants with false, inflated investment value information which showed purported assets in excess of $17 million. NFA believes that investors are unaware that the true value of their investments may actually be under $3 million.

The action, effective immediately, prohibits AGP, Wilkins, or any owners or agents of AGP from soliciting or accepting any funds from or placing trades for customers in the McKinley, Matterhorn and and the Binary Strategy One Fund LLC (also operated by AGP). AGP, Wilkins, or any owners and agents of AGP are also prohibited from disbursing or transferring any funds of AGP or customers without prior approval from NFA. AGP and Wilkins may request a hearing before NFA's Hearing Committee.

The complete text of the MRA/ARA is available on NFA's website (www.nfa.futures.org).

The following Compliance staff members are responsible for this case: Compliance Manager Michael Braden (312-781-1576) and Compliance Supervisor Peter Comes (312-781-1674).

NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.

NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets.
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