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
05/12/2023	CFTC Orders HSBC to Pay a $30 Million Penalty for Recordkeeping and Supervision Failures for Widespread Use of Unapproved Communication Methods Order: HSBC Bank USA, N.A., et, al Statement of Commissioner Kristin N. Johnson Statement of Commissioner Christy Goldsmith Romero Statement of Commissioner Caroline D. Pham
05/11/2023	CFTC Charges Commodity Pool Operator Tyche Asset Management LLC and its Controlling Principal in a $6 Million Commodity Pool Ponzi Scheme Complaint: Tyche Asset Management, et al.
05/11/2023	CFTC Orders The Bank of Nova Scotia to Pay a $15 Million Penalty for Recordkeeping and Supervision Failures for Widespread Use of Unapproved Communication Methods Order: The Bank of Nova Scotia, et, al Statement of Commissioner Kristin N. Johnson Statement of Commissioner Christy Goldsmith Romero
04/28/2023	Federal Court Orders Former Head of International Binary Options Scheme to Pay More than $561,000 in Restitution Consent Order: Jared J. Davis
04/28/2023	CFTC Charges Commodity Trading Advisor, Commodity Pool Operator and Its Owner with Fraudulently Allocating Trades Complaint: Systematic Alpha Management, LLC, et, al Order: Systematic Alpha Management, LLC, et, al
04/27/2023	Federal Court Orders South African CEO to Pay Over $3.4 Billion for Forex Fraud Order for Final Default Judgment: Cornelius Johannes Steynberg, et. al
04/25/2023	Swap Dealer Pays Over $6.8 Million for Violations of Swap Dealer Business Conduct Standards Order: Mizuho Capital Markets LLC
04/25/2023	CFTC Charges Precious Metals Dealers and Their Owner in Multimillion Dollar Fraud Targeting the Elderly Complaint: Fisher Capital LLC, et, al Statement of Commissioner Kristin N. Johnson
04/21/2023	CFTC Charges 14 Entities for Fraudulently Claiming to be Registered with the Agency Complaint: Betatradeoptions.com Complaint: Bitfinmarket.com Complaint: Bit Block FXtrades Complaint: Bit Trading Complaint: Cross Trade FX Complaint: Fast Option Subdivision Complaint: Garantitrademiness.com Complaint: Garantitrademinex.net Complaint: Instantearners247.com Complaint: Prime Finance Network Complaint: Sparkleswhite.com Complaint: TFX Trading Complaint: Trust Pay Market Complaint: Voltfxtrade
04/12/2023	Federal Court Orders Florida Man and His Two Entities to Pay Over $16 Million for Fraud, Misappropriation, and Making False Statements to the CFTC Consent Order: Castilla, et al Final Default Judgment: Castilla, et al

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