Enforcement Actions

The CFTC Division of Enforcement investigates and prosecutes alleged violations of the Commodity Exchange Act and Commission regulations. The CFTC takes enforcement actions against individuals and firms registered with the Commission, those who are engaged in commodity futures and option trading on designated domestic exchanges, and those who improperly market futures and options contracts.

View Dispositions
View Opinions and Adjudicatory Orders

Enforcement Advisory: Updated Advisory on Self Reporting and Full Cooperation

Enforcement Advisory: Cooperation Factors in Enforcement Division Sanction Recommendations for Individuals

Enforcement Advisory: Cooperation Factors in Enforcement Division Sanction Recommendations for Companies

Enforcement Advisory: Advisory on Self Reporting and Cooperation for CEA Violations Involving Foreign Corrupt Practices

See CFTC Press Release 7518-17 (January 19, 2017) and
Speech of James McDonald, Director of the Division of Enforcement Commodity Futures Trading Commission Regarding Perspectives on Enforcement: Self-Reporting and Cooperation at the CFTC (September 25, 2017)

Date ENFORCEMENT ACTIONS
FEDERAL COURT ORDERS LOS ANGELES FOREIGN CURRENCY FIRMS AND THEIR PRESIDENT TO PAY $759,956 IN CFTC ACTION; Rego Gainer Financial, Inc., Rego Gainer, Inc. and Kwok Lun Lam Ordered to Pay Restitution and Civil Penalties
CFTC FINDS COFFEE TRADER DEIRDRE ANDERSON CONDUCTED FRAUDULENT TRADING SCHEME AND MANAGERS FAILED TO PROPERLY SUPERVISE HER; Anderson and George Lamborn of New York and Richard Lani of New Jersey Are Sanctioned
CFTC SETTLES FOREIGN CURRENCY FRAUD CHARGES WITH TEXAS RESIDENT AND HIS TWO COMPANIES; Court Orders Defendants John A. Wheeler, Long Point Investments, LLC and CDM Technologies, LLC to Pay $23 Million to Investors
CFTC SETTLES FRAUD ACTION WITH CALIFORNIA RESIDENT CHRISTIAN WEBER; Federal Court Orders Huntington Beach, California, Man to Repay Over $2 Million to Customers from Australia, New Zealand, and the United States
CFTC SETTLES OPTIONS FRAUD CHARGES WITH CALIFORNIA DEFENDANT; Beverly Hills Resident Ronald G. Scott Permanently Barred From Trading Commodity Futures and Options; Court Orders Scott to Make Refunds to Customers and Pay a Civil Penalty
CFTC FINDS THAT MISSISSIPPI RESIDENT Michael Gene Pate AND HIS FOREIGN CURRENCY FIRM, American FX, LLC, SOLICITED CUSTOMERS FRAUDULENTLY
CFTC ACCEPTS OFFER OF SETTLEMENT AGAINST CHICAGO FUTURES FIRM AND ITS PRESIDENT; CFTC Orders Robbins Futures, Inc. and Joel Robbins to Pay Civil Penalty of $120,000 and to Cease and Desist from Future Violations
CFTC SUSPENDS NYBOT FLOOR BROKER FOR UNLAWFULLY TRADING COFFEE FUTURES CONTRACTS; In Settling Charges Against Trader Brian Thornton, CFTC Finds That Thornton Engaged in Fraud, Bucketing of Customer Orders, Reporting Non-Bona Fide Prices, Noncompetitive Trading, Wash Sales, and Accommodation Trades
Commodity Software Vendor Charged with Violating CFTC Order; Defendant Richard Swannell Sold His Elliott Wave Analyzer Software Programs Through His Website
CFTC CLAIMS MCGRAW-HILL COMPANIES FLOUTED FEDERAL AGENCY SUBPOENAS; Commodity Regulator Asks US District Court for Order Requiring McGraw-Hill To Provide Documents Demanded By Energy Investigation Subpoenas