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 Charges New York Man Vincent Patrick McCrudden and His Two Companies with Registration Violations
Texas Federal Court Orders Patrick Dailey and Strongbow Investments GP, LLC, to Pay More than $2.8 Million in Restitution and Civil Monetary Penalties in Connection with Multi-Million Dollar Commodity Pool Fraud
CFTC Charges Kent R.E. Whitney with Options Fraud by Making False and Misleading Statements to the CME, Futures Commission Merchants and Others
Georgia Court Orders CRE Capital Corp. and its Owner James G. Ossie to Pay $25.7 Million in Foreign Currency Ponzi Scheme
U.S. District Court Orders Two Florida Residents and a Florida Firm to Pay More Than $4 Million for Defrauding Investors in a Foreign Currency Scheme
CFTC Charges MXBK Group S.A. de C.V., a Mexican Financial Services Company, and its Forex Trading Division, MBFX S.A., with Defrauding Hundreds of U.S. Customers
Oklahoma Federal Court Orders More than $26 Million in Customer Restitution and Civil Monetary Penalties Against Prestige Ventures Corporation, Federated Management Group, Inc., Kenneth W. Lee and Simon Yang, Defendants in CFTC Ponzi Scheme Action
CFTC Charges Oregon-based System Capital, LLC and Joshua Wallace with Solicitation Fraud and Making False Statements to the National Futures Association
Federal Court Enters Preliminary Injunctions Against South Carolina Defendant Ronald E. Satterfield, His Companies and Michigan Resident Nicholas Bos, Charged with Operating a Multi-Million Dollar Foreign Currency Ponzi Scheme
CFTC Charges South Carolina Man Ronald E. Satterfield, His Two Companies and Michigan Resident Nicholas Bos with Operating a Multi-Million Dollar Foreign Currency Ponzi Scheme in Four States