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
02/17/2011	Federal Court Freezes Assets of Texas Man Larry Benny Groover, Charged by the CFTC with Operating a Foreign Currency Ponzi Scheme and Misappropriating Customer Funds Complaint: CFTC v. Larry Benny Groover, et al. Order: CFTC v. Larry Benny Groover, et al.
02/16/2011	CFTC Obtains Asset Freeze against Keith Simmons, Deanna Salazar, Bryan Coats, Jonathan Davey and Their Companies, Charged in $35 Million Foreign Currency Ponzi Scheme Complaint: CFTC v. Keith Simmons, et al. Order: Keith F. Simmons, Bryan Coats and Jonathan Davey Consent Order: Deanna Salazar, Life plus Group, LLC and Lawrence Salazar
02/15/2011	New York Federal Court Freezes Assets of Brian Kim and His New York Firm, Liquid Capital Management LLC Complaint: CFTC v. Brian Kim, et al. Order: CFTC v. Brian Kim, et al.
02/14/2011	CFTC Charges Two North Carolina Residents and their Company, PMC Strategy, LLC, with Fraudulently Soliciting at least $669,000 in Foreign Currency Ponzi Scheme Complaint: CFTC v. PMC Strategy, LLC, et al. Order: CFTC v. PMC Strategy, LLC, et al.
02/09/2011	CFTC Charges New York Resident Hasaan R. Steel with Commodity Pool Fraud Complaint: CFTC v. Hasaan R. Steel Order: CFTC v. Hasaan R. Steel
02/07/2011	CFTC Orders Chicago-Based Futures Commission Merchant Newedge USA, LLC to Pay More than $220,000 for Violating Speculative Position Limits in Live Cattle Futures Trading Order: Newedge USA, LLC
02/04/2011	CFTC Wins Commodity Fraud Trial
02/03/2011	CFTC Sanctions New York Resident James M. Peister and His Company, Northstar International Group, Inc., More than $11 Million to Settle CFTC Anti-Fraud Action Order: Northstar International Group, Inc., et al.
02/02/2011	Minnesota Federal Court Orders Minnesota Man Charles E. Hays and His Company, Crossfire Trading, LLC, to Pay More than $84 Million in Disgorgement and Civil Monetary Penalties in Connection with Multi-Million Dollar Commodity Pool Ponzi Scheme Order: CFTC v. Crossfire Trading LLC, et al. CFTC Charges Minnesota Resident Charles “Chuck” E. Hays and His Company, Crossf…
01/31/2011	Utah Federal Court Freezes Assets of Robert Andres and His Houston Firm, Winsome Investment Trust, and Robert Holloway and His Salt Lake City Company, US Ventures LC Complaint: CFTC v. Winsome Investment Trust, et al. Order: CFTC v. Winsome Investment Trust, et al.

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