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
New York Court Enters Order Imposing More than $2,000,000 in Monetary and Other Sanctions against Joseph Pappalardo, Ronald Turner, and Miron Vinokur in a Foreign Currency Scam
Florida Federal Court Imposes More than $16 Million in Sanctions against Two South Florida Corporations and Pompano Beach Resident Ted Romeo in Commodity Options Fraud Case
Defendants in Fraud Action Brought by the U.S. Commodity Futures Trading Commission Ordered to Pay More than $14 Million in Civil Penalties and Disgorgement
California Federal Court Enters Order Granting Judgment against White Pine Trust Corporation and California Resident Stephan Baere in Foreign Currency Fraud Action
Illinois Federal District Court Imposes a Permanent Trading Ban and a $100,000 Civil Monetary Penalty against Florida Resident Bernadette Flavell for Violating a CFTC Order
U.S. Commodity Futures Trading Commission Charges Illinois Resident Anthony A. Demasi and His Company, Tsunami Capital, LLC, with Fraud
U.S. Commodity Futures Trading Commission Files Action in Federal Court to Compel Commodity Index Provider Platts to Produce Relevant Documents in Government Energy Investigation
U.S. Commodity Futures Trading Commission Sanctions Flushing, New York Trader for Illegal Electronic Trading
U.S. Commodity Futures Trading Commission Files Action against Five Foreign Entities and Individuals for Engaging in Illegal Transactions to Pass Money among Trading Accounts
U.S. Commodity Futures Trading Commission Charges South Carolinian Albert E. Parish, Jr. and His Company, Parish Economics, LLC in Multi-Million Dollar Commodity Pool Fraud