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.

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Date ENFORCEMENT ACTIONS
CFTC Settles Fraud Action Against COMEX Floor Broker Vincent Coppola
CFTC Files Enforcement Actions Against Los Angeles-Based Firms Selling Illegal Foreign Currency (FOREX) Investments to the Retail Public; Acro Information Service, Inc., Pakco Holdings Limited and Dr. Florentius Chan Charged with Committing Fraud; Acro's Customers were Members of Asian and Other Ethnic Communities; In the Second Action, Fintrex, Inc., Arman Ovsepyan, and Lytresse Fox Are Charged with Offering Illegal Off-Exchange Forex Futures Contracts
CFTC Charges Maryland Man and His Company With Defrauding 600 Investors in a Commodity Pool; CFTC Alleges That Defendants Peter Scott and R&W Capital Management, Inc. Fraudulently Solicited Over $2 Million from Investors and Misappropriated Investor Funds For Personal Use
CFTC Charges Chicago Area Residents with Fraudulent Promotion of Pork Belly Trading System; According to the Complaint, a Year's Worth of Service Cost $4,500 and Ads Touted that Customers Could Have Made as Much as 700%
Colorado Man Sued for Failing to Tell Customers His Commodity Trading System was Based on Hypothetical Trades; Gramalegui Made False Claims that his Mother Profitably Traded with His System
CFTC Files and Settles Enforcement Action Against a Chicago Floor Broker for Failing to Supervise a Trader He Sponsored; CFTC Finds that Michael Thomas Lee Violated an Order and Sponsor Agreement and Suspends His Registration; Order Underscores Need For Sponsors To Take Duties Seriously
Former Member of New York Futures Exchange Charged with Price Manipulation and False Representations; CFTC Charges Norman Eisler and First West Trading with Manipulating Settlement Prices of Option Contract and Making False Representations
CFTC Settles Case Against Commodity Firm for Fraudulent Advertising; Federal Regulator Finds that CTS Financial Publishing and Others Used Over One Million Mailings and the Internet to Fraudulently Tout the Potential for Large Profits
Minnesota and Wisconsin Defendants Barred from U.S. Futures Markets by Federal Court for Commodity Scam; Two Individuals and Three Companies Must Pay Up to $561,452 in Restitution and Up to $671,452 in Civil Fines
CFTC Settles Case Against Kentucky Man For Fraudulently Selling Commodity Trading System; Federal Regulator Finds that Donald M. Fishback, Jr. Represented to Investors that his Company's Trading System Could "Virtually Eliminate Losing Trades",