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 Georgia Man with Operating a Multi-Million Dollar Forex Ponzi Scheme
CFTC Charges California Man Patrick Dailey and His Texas Company with Fraud in Connection with a Multi-Million Dollar Commodity Pool
CFTC Sanctions Foreign Currency Broker Who Allowed Confidential Personal Information of its Customers to Appear on the Internet
CFTC Charges California-Based SNC Asset Management, Inc., SNC Investments Inc., CEO Peter Son, and CFO Jin K. Chung in an $85 Million Forex Ponzi Scam
CFTC Charges Texas Residents Robert Watson, Daniel Petroski and their Companies with Fraud in Multi-Million Dollar Forex Scheme
CFTC Charges Florida Resident Michael J. Riolo and His Two Companies with Fraud in Alleged Multi-Million Dollar Foreign Currency Scam
Delaware Resident Kenneth Branch and his company, Cocoon Trade, Inc., Ordered to Pay More than $1.5 Million in Restitution and Penalties in CFTC Commodity Pool Fraud Action
CFTC Charges Las Vegas Resident Gordon Driver and His Companies in $13.5 Million Ponzi Fraud
Michigan Resident Ordered To Pay More Than $300,000 in Sanctions for Defrauding Clients
Illinois Federal Court Enters Preliminary Injunction Against Brookshire Raw Materials Management, LLC, a Barrington, Illinois-Based Commodity Pool Operator, and its Canadian Principals