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
CFTC Charges Illinois Defendants Jay C. Nolan and His Company, Lodge Capital Group, LLC, with Commodity Pool Fraud
The CFTC Sanctions Toronto-Based Scotia Capital Inc. $250,000 for Prearranged Fictitious Trades
The CFTC Sanctions Two Canadian Firms $500,000 for Entering into Unlawful Wash Sales
Federal Court in Florida Imposes More than $5.4 Million in Restitution and Fines in CFTC Action Charging Commodity Options Fraud
CFTC Sanctions MF Global Inc. $10 Million for Significant Supervision Violations between 2003 and 2008
Federal Court in Georgia Imposes More than $6.75 Million in Fines and Other Sanctions in CFTC Action Charging Commodity Options Fraud
Federal Court Orders New York Resident Dawn Musorofiti to Pay $82,600 in Fines and other Sanctions in CFTC Anti-Fraud Action
New Jersey Federal Court Orders Robert J. Sucarato to Pay $2 Million in Restitution and Penalties in CFTC Hedge Fund Anti-Fraud Action
Oklahoma City Chinese Community Targeted In Multi-Million Dollar Commodity Futures Ponzi Scheme Operated by South Carolina Resident Kenneth Lee and Oklahoma Resident Simon Yang and their Companies
Federal Court Freezes Assets of Minnesota Residents Trevor Cook and Patrick Kiley and their Oxford and Universal Companies, Charged by the CFTC with Defrauding Investors of Tens of Millions of Dollars in Foreign Currency Scheme