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
09/26/2006	CFTC Seeks to Revoke Registration of United Investors Group, Inc., of Boca Raton, Florida Notice of Intent: United Investors Group, Inc. South Florida Court Imposes Over $25 Million in Sanctions in Energy and Foreign… CFTC Press Release 5037-05
09/21/2006	CFTC Settles Foreign Currency (Forex) Futures Fraud Action Consent Order: Axess Trading Co., Inc. CFTC Press Release 4938-04
09/18/2006	Northern California District Court Orders Defendants in a San Francisco Foreign Currency (Forex) Fraud Action to Pay Over $2 Million in Restitution and Civil Penalties Order: National Investment Consultants, Inc., et al CFTC Press Release 5099-05
09/18/2006	CFTC Charges Two Websites with Commodities Options Scam Complaint: American Energy Exchange and York Commodities Ex Parte Restraining Order: American Energy Exchange and York Commodities
09/14/2006	CFTC Charges Texas Man and His Company With Defrauding Customers of $4.5 Million Complaint: Carl W. King and Carl W. King Investments, LLP
09/14/2006	CFTC Settles Foreign Currency (Forex) Fraud Action Resulting in Over $2.5 Million in Civil Penalties Order: Andrew Bartos Consent Order: Bruce N. Crown Order: Michael Morgan and Mercury Management, L.C. Order: Mercury Partners, Inc. Order: Mercury Financial Partners, Inc. CFTC Press Release 5055-05
09/05/2006	South Florida Court Orders International Investments Holdings Corporation to Pay Over $12 Million in Restitution and Civil Penalties for Foreign Currency Options Scam Order: International Investments Holdings Corporation CFTC Charges Florida Residents Doreen R. Valko and Frank Desantis And Their Com…
08/31/2006	CFTC Revokes the Registration of Hedge Fund Operator Samuel Israel III, Former Managing Member of Bayou Management LLC Notice of Intent to Revoke: Samuel Israel III Opinion and Order: Samuel Israel III CFTC Press Release 5121-05
08/30/2006	Federal Court Imposes More Than $22 Million in Sanctions on Georgia Corporation and Six Broker/Traders in Commodity Options Fraud Case Consent Order: Risk Capital Trading Group, Inc. Consent Order: Richard Tillman Consent Order: Rick Siegel Judgment: Rick Siegel CFTC Press Release 4835-03
08/24/2006	CFTC Charges Telephone Clerk for a Floor Brokerage Operation at the NYMEX with Scheme to Defraud Complaint: Matthew Doyle

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