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
Federal Court Orders New York Resident Dawn Musorofiti to Pay $82,600 in Fines and other Sanctions in CFTC Anti-Fraud Action
New Jersey Federal Court Orders Robert J. Sucarato to Pay $2 Million in Restitution and Penalties in CFTC Hedge Fund Anti-Fraud Action
Oklahoma City Chinese Community Targeted In Multi-Million Dollar Commodity Futures Ponzi Scheme Operated by South Carolina Resident Kenneth Lee and Oklahoma Resident Simon Yang and their Companies
Federal Court Freezes Assets of Minnesota Residents Trevor Cook and Patrick Kiley and their Oxford and Universal Companies, Charged by the CFTC with Defrauding Investors of Tens of Millions of Dollars in Foreign Currency Scheme
Louisiana Federal Court Freezes Assets of William Guidry of Florida, Matthew Pizzolato of Louisiana and Louisiana Company Capital Funding Consultants, Charged by the CFTC with Operating a $2 Million Commodity Pool Fraud
CFTC Sanctions Hedge Fund EMF Financial Products, LLC $4 Million to Settle CFTC Charges that EMF Made False Statements Concerning Its Market Positions to the Chicago Board of Trade
New York Resident Michael Kourmolis Permanently Banned From Futures Industry For Fraudulent Solicitation In CFTC Anti-Fraud Action
Federal Court Freezes Assets of Florida Resident David A. Owen, Charged by the CFTC with a Multi-Million Dollar Commodity Pool Fraud
Federal Court Orders Canadian Trio to Pay More than Equivalent $2.2 Million in Restitution, Disgorgement and Penalties in CFTC Commodity Pool Anti-Fraud Action
New York Court Imposes $500,000 Fine and Other Sanctions Against David P. Lee, Former Natural Gas Trader for Bank of Montreal