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 FILES AND SETTLES REGISTRATION CLAIM AGAINST JEFFREY ALLEN OF HOUSTON, TEXAS; CFTC Order Finds that Allen Failed to Register as a Commodity Trading Advisor
CFTC Fines Singapore Company for Executing Illegal Wash Trades on U.S. Markets
NEW YORK FOREIGN CURRENCY (FOREX) FIRM CHARGED WITH STEALING MORE THAN $2.2 MILLION IN COMMODITY SCAM; CFTC Sues Lexington Royce & Associates and Artour Arakelian, Alleging They Defrauded More Than 50 Customers
CFTC FINDS THAT COLORADO TRADING ADVISOR USED WEBSITE TO MISLEAD PUBLIC ABOUT PROFITABILITY OF COMMODITY FUTURES TRADING SYSTEMS AND SERVICES; Respondents Roy M. Sidewitz and Qi2 Technologies, Inc. Settle Charges That They Made False Claims About Commodity Futures Products and Services
CFTC AND STATE OF MARYLAND CHARGE MARYLAND RESIDENT ANDREW SILBERSTEIN WITH STEALING INVESTOR FUNDS IN COMMODITY FUTURES SCAM; Federal Court Enters Order Freezing Silberstein's Assets
FEDERAL COURT ORDERS CALIFORNIAN OSCAR GOLDMAN TO PAY $275,500 IN SANCTIONS IN SETTLING COMMODITY FUTURES TRADING COMMISSION CHARGES; Defendant Goldman Had Been Charged With Fraudulent Sales Solicitations
CFTC CHARGES EQUITY FINANCIAL GROUP LLC, A NEW JERSEY COMPANY, AND OTHERS WITH FRAUDULENTLY SOLICITING MORE THAN $5.7 MILLION FROM INVESTORS IN THE SHASTA CAPITAL ASSOCIATES, LLC HEDGE FUND; Shasta Recently Hailed as "Hedge Fund of the Week,"
CFTC Revokes Registration of Illinois Floor Broker, Donald R. Van Patten
PORTLAND MAN JAILED BY FEDERAL COURT FOR CONTEMPT FOR VIOLATION OF ORDER PREVENTING DISSIPATION OF CUSTOMER FUNDS IN FOREIGN CURRENCY (FOREX) FRAUD CASE
ST. LOUIS RESIDENT KENNETH LEE AND HIS COMPANY ORDERED TO PAY MORE THAN $567,000 TO DEFRAUDED COMMODITY CUSTOMERS; Court Permanently Bans Defendants From Trading