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The CFTC obtained a consent order against Michael Kourmolis, of Brooklyn, N.Y., permanently prohibiting him from engaging in any activity related to trading any commodity interests, including soliciting funds, registering with the CFTC and trading on behalf of others or himself. Kourmolis fraudulently solicited customers to open accounts to trade foreign currency futures contracts. Kourmolis misleadingly represented in writing that customers would have personal accounts and that their funds were insured by a bank for up to $25 million. Related litigation continues against Thomas Qualls and International Foreign Currency, Inc.