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
03/27/2013	CFTC Revokes Registrations of New Jersey-based Victor E. Cilli and Progressive Investment Funds LLC Initial Decision: Victor E. Cilli & Progressive Investment Funds LLC
03/27/2013	CFTC Orders Florida Firms, Joseph Glenn Commodities LLC and JGCF LLC, and Owners Scott Newcom and Anthony Pulieri to Pay over $1 Million in Restitution and Penalties for Fraudulent Off-Exchange Transactions in Precious Metals with Retail Customers Order: Joseph Glenn Commodities LLC, et al.
03/20/2013	Federal Court Orders Oregon-based System Capital, LLC and its President Joshua Wallace to Pay $840,000 for Solicitation Fraud and Making False Statements to the National Futures Association Order for Default Judgment: System Capital, LLC and Joshua Wallace
03/19/2013	Federal Court Imposes More than $57 Million in Sanctions against Two Mexican Companies, MXBK Group S.A. de C.V. and MBFX S.A., for Defrauding their U.S. Foreign Currency (Forex) Customers Order: MXBK Group S.A. de C.V. and MBFX S.A.
03/14/2013	Federal Court Orders Colorado Man Nicholas Trimble and His Two Companies, Capstone FX Quantitative Analysis, Inc. and Beekeepers Fund Capital Management, LLC, to Pay More than $3.5 Million in Foreign Currency Fraud Action Order: Nicholas Trimble Order for Default Judgment: Capstone FX Quantitative Analysis, Inc., et al
03/14/2013	CFTC Revokes Registration of Growth Capital Management LLC Initial Decision: Growth Capital Management LLC
03/14/2013	CFTC Sues Michael Alcocer and His Company, InovaTrade, Inc., for Foreign Currency Fraud and Misappropriation Complaint: Michael Alcocer & InovaTrade, Inc.
03/11/2013	Federal Court in New York Orders Madison Dean, Inc. and Its Principal, George Athanasatos, to Pay over $1.4 Million to Settle Forex Fraud Charges in CFTC Enforcement Action Order: Madison Dean, Inc., et al.
02/28/2013	CFTC Settles Charges against Ronnie Gene Wilson of South Carolina and His Company, Atlantic Bullion and Coin, for Operating a Multi-Million Dollar Silver Bullion Ponzi Scheme Order: Atlantic Bullion & Coin, Inc., et al.
02/28/2013	Federal District Court in New York Enters Order of Permanent Injunction against Defendants Agape World, Inc. and Agape Merchant Advance LLC, Charged with Defrauding Customers in Commodity Futures Trading Scheme Order: Agape World Inc., et

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