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
06/05/2023	Federal Court Orders Washington Rancher to Pay $1 Million Penalty for Phantom Cattle Scheme, Position Limit Violations Order: Cody Easterday Statement of Commissioner Kristin N. Johnson Statement of Commissioner Christy Goldsmith Romero
05/25/2023	CFTC Orders a California Commodity Trading Advisor to Pay More Than $4 Million for Fraud and Registration Violations Order: Sharief Deona McDowell
05/24/2023	CFTC Charges Five Defendants with Fraudulent Digital Assets Trading Scheme Complaint: David Carmona, et al. Commissioner Kristin Johnson Statement
05/15/2023	The CFTC and State Regulators in California and Hawaii Charge Los Angeles Area Precious Metals Dealer in Ongoing $61 Million Fraud Targeting the Elderly Complaint: Red Rock Secured, LLC, et, al Statement of Commissioner Kristin N. Johnson
05/12/2023	CFTC Orders HSBC Bank USA, N.A. to Pay a $45 Million Penalty for Manipulative and Deceptive Trading in Connection with Swaps Related to Bond Issuances, Spoofing, and Supervision and Mobile Device Recordkeeping Failures Order: HSBC Bank USA, N.A. Statement of Commissioner Kristin N. Johnson Statement of Commissioner Christy Goldsmith Romero Statement of Commissioner Caroline D. Pham
05/12/2023	CFTC Orders HSBC to Pay a $30 Million Penalty for Recordkeeping and Supervision Failures for Widespread Use of Unapproved Communication Methods Order: HSBC Bank USA, N.A., et, al Statement of Commissioner Kristin N. Johnson Statement of Commissioner Christy Goldsmith Romero Statement of Commissioner Caroline D. Pham
05/11/2023	CFTC Charges Commodity Pool Operator Tyche Asset Management LLC and its Controlling Principal in a $6 Million Commodity Pool Ponzi Scheme Complaint: Tyche Asset Management, et al.
05/11/2023	CFTC Orders The Bank of Nova Scotia to Pay a $15 Million Penalty for Recordkeeping and Supervision Failures for Widespread Use of Unapproved Communication Methods Order: The Bank of Nova Scotia, et, al Statement of Commissioner Kristin N. Johnson Statement of Commissioner Christy Goldsmith Romero
04/28/2023	Federal Court Orders Former Head of International Binary Options Scheme to Pay More than $561,000 in Restitution Consent Order: Jared J. Davis
04/28/2023	CFTC Charges Commodity Trading Advisor, Commodity Pool Operator and Its Owner with Fraudulently Allocating Trades Complaint: Systematic Alpha Management, LLC, et, al Order: Systematic Alpha Management, LLC, et, al

Enforcement Actions

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