Christian Mayer, a former associated person of Northstar Commodity Investment Co., a registered introducing broker (IB), agreed never to apply for associate membership or principal status with the National Futures Association to resolve administrative charges brought by NFA that, from 2014 through 2016, he transferred profitable trades from two customer accounts to his own account while leaving losing trades in his customer accounts. Mr. Mayer transferred positions after engaging in 186 unauthorized day trades for the two customer accounts, charged the NFA. The NFA alleged that, in total, Mr. Mayer transferred from the two customers in excess of US $38,000 in profitable trades and left in excess of $66,000 in losing trades. After Mr. Mayer’s employer discovered his wrongful conduct, Mr. Mayer paid the IB US $150,000. Most of this amount was then paid to the two customers.