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
CFTC Obtains Final Judgment against Italian National Carmine Garofalo Charged with Illegal Trading
Chicago Futures Commission Merchant Tenco, Inc. Settles CFTC Charges that it Failed to Diligently Supervise and Placed Trades Without Proper Authorization
CFTC Orders Dearborn Trading, Inc. and Joel Bronstein of Chicago, Illinois to pay $180,000 Civil Penalty for Failing to File Pool’s Closing Annual Report
Chicago-Based Floor Broker Craig Taffel Pays $180,000 Civil Monetary Penalty to Settle Charges that He Acted as an Unregistered Futures Commission Merchant
CFTC Charges Douglas Elsworth Wilson and Three California Companies with Solicitation Fraud, Misappropriating Customer Funds, and Issuing False Statements in Multi-Million Dollar Commodity Futures and Forex Scheme
CFTC Charges Blue Sky Capital Management Corp. and Gregory M. Schneider with Making False Statements to the National Futures Association
Federal Court Orders Moroccan National and Former Citigroup Trader Otmane El Rhazi to Pay Over $1.49 Million for Unlawful Trading and Misappropriation from a Citibank, N.A. Proprietary Account
Federal Court Finds that St. Augustine, Florida, Couple and Their Company Defrauded Customers in Off-Exchange Foreign Currency Scheme
CFTC Charges Tampa Resident Anthony J. Klatch II and Four Other Defendants with Fraudulently Soliciting over $11.3 Million
London-based Forex Capital Markets Ltd. Ordered to Pay $140,000 Penalty to Settle CFTC Charges of Acting as an Unregistered Retail Forex Exchange Dealer