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 COMMODITIES ENFORCER CHARGES SALT LAKE CITY ATTORNEY DONALD J. PURSER WITH FRAUD; Utah Federal Court Permits CFTC to Add Parties and Expand Allegations in Existing Commodity Pool Fraud Case
CFTC ESTABLISHES TOLL-FREE COMPLAINT LINE [866-FON-CFTC] AND URGES THE PUBLIC TO USE IT TO REPORT SUSPICIOUS ACTIVITIES INVOLVING COMMODITIES
FORMER DYNEGY MARKETING AND TRADE EMPLOYEE CHARGED WITH COMMODITY DECEPTION AND WIRE FRAUD; Former Natural Gas Trader Charged Criminally Under the Commodity Exchange Act With Intentionally Reporting False Natural Gas Price and Volume Information to Energy Reporting Firms in an Attempt to Affect Prices of Natural Gas Contracts
WORLD-WIDE CURRENCY SERVICES CORP. AND OTHERS CHARGED WITH DEFRAUDING CUSTOMERS IN CURRENCY SCAM; CFTC Also Charges World-Wide Director Gennady (George) Spivak and Salesman Ellison Ken Morris with Defrauding Customers in Foreign Currency (FOREX) Futures Trading, Misappropriating Customer Funds, and Operating and Illegal FOREX Futures Business
FLORIDA FIRM, INVESTORS FREEDOM CLUB, L.C. AND OTHERS, CHARGED WITH SOLICITING OVER $1.5 MILLION FROM CUSTOMERS IN FOREIGN CURRENCY (FOREX) FUTURES FRAUD; Government Obtains Federal Court Order Freezing Assets of Defendants Investors Freedom Club, L.C., William Folino, George Belanger, and Relief Defendant Tina Folino
MICHIGAN RESIDENT STEPHEN PIERCE SETTLES CFTC ACTION CHARGING INTERNET FRAUD VIOLATIONS, CFTC Order Requires Pierce To Pay A Civil Monetary Penalty and Comply with Undertakings
CHICAGO MAN CHARGED WITH FRAUDULENTLY PROMOTING HIS COMMODITY TRADING SYSTEM; CFTC Alleges Gregory Elliott (d/b/a Softrade, Inc.) Made False Claims Concerning Profits Generated by His Commodity Trading System
FLORIDA FEDERAL COURT REQUIRES CHIEF INVESTMENT OFFICER TO PAY $16 MILLION IN RESTITUTION TO DEFRAUDED SUNSTATE FX INC. INVESTORS IN CFTC ENFORCEMENT ACTION
NEW YORK FOREIGN CURRENCY FIRM CHARGED WITH FRAUDULENTLY SOLICITING RETAIL CUSTOMERS OVER THE INTERNET TO INVEST IN ILLEGAL, OFF-EXCHANGE FOREIGN CURRENCY (FOREX) FUTURES CONTRACTS; CFTC Charges Rouslan Tambiev and Tamb International, Inc., Both Located in Queens, New York, With Fraud
CFTC SETTLES ACTION AGAINST HEDGE FUND AND SUSPENDS ITS REGISTRATIONS; Beacon Hill Asset Management, LLC Agrees to Suspension of Registrations