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
CLEVELAND COMMODITIES FIRM, ITS PRESIDENT AND TWO FORMER EMPLOYEES CHARGED WITH FRAUD; Carnegie Trading Group Ltd., Inc. Allegedly Used Fraudulent Statements to Solicit Customers to Trade Commodity Futures and Options
CFTC APPLAUDS SUCCESSFUL PROSECUTION OF FORMER ENRON TRADER BY CALIFORNIA FEDERAL PROSECUTORS; John M. Forney Pleads Guilty to Conspiracy to Commit Wire Fraud
CORAL ENERGY PAYS $30 MILLION TO SETTLE U.S. COMMODITY FUTURES TRADING COMMISSION CHARGES OF ATTEMPTED MANIPULATION AND FALSE REPORTING
U.S. COMMODITY FUTURES TRADING COMMISSION CHARGES TRADING SYSTEM DEVELOPER AND PROMOTER AND THEIR PRINCIPALS WITH COMMODITY FRAUD; TradeWins Publishing Corporation and Its President, Stephen A. Schmidt, Allegedly Solicited Customers to Purchase a Trading System Using False Claims; System Developer and His Company Also Charged
U.S. COMMODITY FUTURES TRADING COMMISSION SETTLES CHARGES AGAINST FIVE INDIVIDUALS FOR TAKING PART IN ARTIFICIAL TRADING SCHEME; CFTC Order Finds That Illinois Residents Daniel J. Collins, Thomas M. Gianos, Bernard Miraglia and John R. Wade, and Wisconsin Resident Edward M. Collins Participated in Illegal Transfer Trades During the 1980s
NATURAL GAS TRADER HUNTER SHIVELY AGREES TO COOPERATE WITH U.S. COMMODITY FUTURES TRADING COMMISSION IN SETTLING MANIPULATION CASE
ENRON SETTLES CFTC COMPLAINT CHARGING IT WITH MANIPULATING NATURAL GAS PRICES IN JULY 2001; Federal District Court Enters Consent Order of Permanent Injunction Against Enron
COMMODITY FUTURES TRADER ORDERED TO PAY MORE THAN $1 MILLION TO DEFRAUDED CUSTOMERS; Federal Court Bans Utah Man, Stanley E. Varner from Trading Commodities for Five Years and Imposes $575,000 Civil Penalty
CFTC FILES ENFORCEMENT ACTION AGAINST FORMER CEO OF ANICOM, INC.; Pending Federal Criminal Charges Against Scott C. Anixter Alleged As Grounds for Suspending His CFTC Floor Trader Registration
FEDERAL COURT ORDERS FLORIDA RESIDENTS TO PAY MORE THAN $22 MILLION IN CFTC FOREIGN CURRENCY (FOREX) FUTURES FRAUD ACTION; Court Orders Defendant Donald O'Neill and His Companies to Repay Over $12 Million to Investors and Pay Civil Monetary Penalties Totaling $10.6 Million