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
Government Obtains Judgment against Two New York Investment Firms
Notice To Customers Of Forefront Investments Corp. D/B/A/ CFG Trader
U.S. Commodity Futures Trading Commission Files Action Against Futures Commission Merchant Forefront Investments Corporation d/b/a CFG Trader For Failure to Maintain the Minimum Amount of Net Capital Required by Federal Law
U.S. Commodity Futures Trading Commission Settles Natural Gas False Reporting and Attempted Manipulation Lawsuit with Former Western Gas Resources Energy Trader Andrew Richmond
U.S. Commodity Futures Trading Commission Files Four Cases and Charges Nine Entities for Fraudulently Soliciting Investors Worldwide
New York Federal Court Orders Brokerage Firm, Clearing Firms, and Principals in CFTC Anti-Fraud Action to Pay More Than $21,000,000 in Restitution and Civil Penalties
Virginia Man & His California Corporation Ordered to Pay Nearly $12 Million in Penalties for Fraudulent Commodity Trading System Sold to More than 15,000 Customers
U.S. Commodity Futures Trading Commission Settles Fraud Action Against Maryland Resident Arthur John Keeffe, II and His Foreign Currency (Forex) Trading Company, Calvary Currencies LLC
Defendants Ordered to Pay $1.6 Million in Government's Attempted Manipulation Case against Concord Energy, LLC and Natural Gas Energy Traders Shawn McLaughlin and Darrell Danyluk
Connecticut Resident Burton Friedlander and his Company Ordered to Pay More Than $2 Million to Defrauded Customers in Connection with Commodity Fraud Scheme