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
OFFICE MANAGER OF LOS ANGELES FOREIGN CURRENCY FIRM AGREES TO COOPERATE WITH GOVERNMENT AND SETTLES CHARGES OF SELLING ILLEGAL OFF-EXCHANGE FOREIGN CURRENCY FUTURES CONTRACTS
COURT ENTERS DEFAULT JUDGMENT AGAINST NEW YORK FOREIGN CURRENCY FIRM AND OTHERS, ORDERING DEFENDANTS TO PAY OVER $30 MILLION IN PENALTIES AND $10 MILLION IN RESTITUTION TO CUSTOMERS: Judgment Entered In International Scam Against Defendants Eduard Dmanskiy and Sun Platinum and Relief Defendants Ocaline Int'l Corp., Hessar Alliance Inc., Klondike Int'l Inc., Pyrmont Alliance Corp., and Total Trading Services Ltd. Stemming From CFTC Charges That They Fraudulently Misappropriated Customer Funds And Traded Illegal, Off-Exchange Futures Contracts
CFTC CHARGES UTAH FIRM, THREE OF ITS OFFICERS, AND A UTAH ATTORNEY WITH FRAUD; Vision Capital Corporation, Officers John Garrett, Allen Andersen, Robert Heninger, and Utah Attorney John Thomas Charged With Commodity Pool Fraud
CFTC FILES $2.4 MILLION ENFORCEMENT ACTION AGAINST CHICAGO RESIDENT EDWARD VELAZQUEZ AND HIS HEDGE FUND
FEDERAL COURT ORDERS PORTLAND RESIDENTS TO PAY MORE THAN $1.3 MILLION TO SETTLE FOREIGN CURRENCY FUTURES AND OPTIONS FRAUD CHARGES; Court Orders Nancy Hoyt, April Duffy, and Samantha Vorachith to Repay a Total of $596,337 to Investors and to Pay Contingent Civil Penalties Totaling $720,000
CFTC REVOKES REGISTRATION OF ILLINOIS FLOOR BROKER STUART MICHAEL HELFFRICH; CFTC Action Based in Part on Fraud Findings by Chicago Board of Trade
CFTC FILES $10 MILLION ENFORCEMENT ACTION AGAINST WINNETKA, ILLINOIS HEDGE FUND TRADEWINDS INTERNATIONAL, LLC, AND ITS PRINCIPAL, CHARLES HARRIS
CFTC FINDS THAT NYMEX FLOOR BROKER, IZMIR MEHMEDOVIC OF GLENDALE, NEW YORK, DEFRAUDED CUSTOMER
U.S. DISTRICT COURT GRANTS SUMMARY JUDGMENT TO CFTC IN FRAUD ACTION AGAINST FLORIDA RESIDENTS, Genady Spivack A.K.A. George Spivak, Ellison Kent Morris, AND World-Wide Currency Services, Corp.; defendants Ordered to Pay Over One Million Dollars in Restitution and Are Permanently Banned from Commodity Related Trading or Solicitation
COURT FINDS THAT FLORIDA RESIDENT AND TWO COMPANIES DEFRAUDED CUSTOMERS IN FOREIGN CURRENCY OPTIONS SCAM: Michael Dippolito, MAD Financial, Inc., and CTU, Inc. Agree to Pay Civil Penalty for Defrauding Investors