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 SETTLES ACTION AGAINST COMMODITY POOL OPERATOR FOR UNAUTHORIZED TRADING OF CLIENT FUNDS; Jeffrey Thomas Allen Banned From Trading Commodity Futures and Options
FEDERAL COURT ISSUES INTERIM ORDER BARRING FOREIGN FUND, AN INTERNET CURRENCY TRADING FIRM, FROM DEFRAUDING CUSTOMERS, AND ORDERS THE APPOINTMENT OF A TEMPORARY RECEIVER; Court’s Order Continues Asset Freeze against Foreign Fund and Bars the Sale of Illegal Futures Contracts
CALIFORNIA FOREIGN CURRENCY FIRM AND ITS PRINCIPAL AGREE TO PAY OVER $1 MILLION IN SETTLEMENT OF U.S. GOVERNMENT FOREIGN CURRENCY FRAUD ACTION; In Settling Charges by the U.S. Commodity Futures Trading Commission, Defendants Ben Ouyang and Victco Financial Services, Inc. Consented to Release over $1 Million in Frozen Funds as Restitution to Defrauded Customers; Consent Order also Imposes Civil Penalty of $120,000 and a Permanent Injunction
U.S. COMMODITY FUTURES TRADING COMMISSION APPLAUDS SUCCESSFUL PROSECUTION OF OPERATION WOODEN NICKEL DEFENDANT, Anthony Iannuzzi Convicted of Wire Fraud and Conspiracy to Commit Wire Fraud in "Points for Cash" Scheme,
FEDERAL COURT FREEZES ASSETS OF FLORIDA FOREIGN CURRENCY FIRM AND OTHERS IN U.S. GOVERNMENT LAWSUIT CHARGING A COMMODITY OPTIONS SCAM; CFTC Charges Mercury Partners, Inc.; Mercury Financial Partners, Inc.; Mercury Management, L.C.; Bruce N. Crown; Andrew Bartos; and Michael Morgan with Fraud and Misappropriation of Customer Funds
CFTC CHARGES FLORIDA MAN AND HIS COMPANY WITH VIOLATIONS BASED ON OFFER AND SALE OF FOREIGN CURRENCY OPTIONS; William David Seigler, Jr. and Sonoma Trading Corporation Allegedly Solicited Customers to Trade Foreign Currency (Forex) Options Contracts Via the Internet
CFTC AND SEC ANNOUNCE $50 MILLION DISTRIBUTION TO FORMER CUSTOMERS OF PRINCETON ECONOMICS INTERNATIONAL, LTD., AND PRINCETON GLOBAL MANAGEMENT, LTD.
MARYLAND FEDERAL COURT ENTERS CONSENT ORDER AGAINST FORMER RESIDENT ANDREW M. SILBERSTEIN IN COMMODITY POOL FRAUD ACTION; In Action Brought by U.S.Commodity Futures Trading Commission and the State of Maryland, Silberstein Is Ordered to Pay Total Sanctions of $560,000
FEDERAL COURT FREEZES ASSETS OF SEATTLE FIRM AND FOUR OTHER DEFENDANTS CHARGED WITH INTERNATIONAL SCHEME THAT DEFRAUDED U.S. CUSTOMERS OF OVER $8.5 MILLION; CFTC Alleged That Premium Income Corp., Its Principal, Gerald Rogers, And Others, Made False Claims About Profit and Risk, And Misappropriated Funds; Rogers is a Recent Ex-Convict Who Served Time for Similar Crimes
Tennessee Foreign Currency Firm FxTrade Financial, LLC, and Jeffrey Mischler, its CEO and Managing Partner, Along with Seven Others, Agree to Order Finding that They Violated Court Orders Preventing Dissipation of Customer Funds