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The **US National Futures Association (NFA)** has taken decisive action against **Ikigai Strategic Partners LLC**, a commodity pool operator based in **Rio Grande, Puerto Rico**, and its principal, **Anthony Robert Emtman**. They have been ordered to pay a **$150,000 fine**.

### Background of the Case
This decision, rendered by an NFA Hearing Panel, follows a complaint from the **NFA’s Business Conduct Committee (BCC)** and a subsequent settlement offer from Ikigai Strategic and Emtman. Notably, they did not admit to or deny the allegations made against them.

### Allegations Against Ikigai Strategic Partners
The Hearing Panel substantiated the following allegations:
- **Prohibited Advances**: Ikigai Strategic allowed one of its pools to make a **prohibited advance** of pool assets to an affiliate owned by Emtman and another principal.
- **Ethical Violations**: The firm and Emtman acted against the standards of **commercial honor and equitable trade principles**, prioritizing their interests over those of the pool and its participants.
- **Commingling of Funds**: Ikigai Strategic allegedly **commingled pool funds** with another pool’s assets, failed to provide necessary disclosures to participants, and neglected recordkeeping and reporting obligations.
- **Lack of Supervision**: Both Ikigai Strategic and Emtman are accused of failing to properly supervise the firm’s operations and its employees.

These actions have raised significant concerns about the compliance and ethics within the firm, prompting the NFA's stern response.

NFA orders commodity pool operator Ikigai Strategic Partners LLC and its principal Anthony Robert Emtman to pay a $150,000 fine.