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 BRINGS FRAUD ACTION AGAINST TENNESSEE FOREIGN CURRENCY (FOREX) FIRM AND CERTAIN EMPLOYEES; FxTrade Financial, LLC, Jeffrey A. Mischler, Lee N. Romano II, and Mary Jo Sibbitt Are Charged with Fraud when Soliciting Customers
FEDERAL COURT REFUSES TO DISMISS NATURAL GAS MANIPULATION CASE AGAINST FORMER ENRON VICE PRESIDENT; CFTC Previously Charged Hunter Shively With Manipulating Prices in Natural Gas Market
FEDERAL COURT ENTERS INTERIM ORDER BARRING LOS ANGELES-BASED FIRM, PROFIT PARTNERS, INC., FROM DEFRAUDING CUSTOMERS IN SELLING COMMODITY FUTUERS AND OPTIONS TRADING SYSTEMS; CFTC Complaint Charges Profit Partners with Fraud
CFTC ANNOUNCES NOTICE OF INTENT TO REVOKE REGISTRATION OF FX FIRST, INC., OF NEWPORT BEACH, CALIFORNIA; Notice Alleges FX First Is Subject to Statutory Disqualification of its Registration with the CFTC
FEDERAL COURT ORDERS LOS ANGELES FOREIGN CURRENCY FIRM AND ITS PRESIDENT TO REPAY CUSTOMERS MORE THAN $1 MILLION IN COMMODITY FUTURES TRADING COMMISSION FRAUD ACTION; Court Also Orders Payment of Over $5 Million in Civil Penalties
CFTC CHARGES FLORIDA FOREIGN CURRENCY (FOREX) OPTIONS FIRM WITH DEFRAUDING CUSTOMERS; Gibraltar Monetary Corporation, Inc. and Employees Jayson Kline, Charles Fremer, Thomas Clancy, and Edward Johnson Allegedly Lied When Pitching Foreign Currency Options to Customers; Forex Capital Markets, LLC Also Charged
CFTC SETTLES TRADING FRAUD CASE WITH INDIVIDUALS FOUND TO HAVE DEFRAUDED THE FORMER COASTAL CORPORATION
FEDERAL COURT ORDERS TWO FLORIDA MEN TO REPAY $300,000 EACH TO CUSTOMERS THEY DEFRAUDED IN A FOREIGN CURRENCY SCAM; Defendants to Repay $300,000 to Defrauded Customers, Among Other Sanctions
FEDERAL COURT ORDERS OHIO RESIDENT KEITH ELSESSER TO REPAY CUSTOMERS IN FRAUDULENT FOREIGN CURRENCY OPTIONS SCHEME; Elsesser Also Required to Pay Civil Penalty of $120,000
CFTC IMPOSES A TOTAL OF $50 MILLION IN CIVIL PENALTIES ON SIX ENERGY TRADING FIRMS; Subsidiaries of Energy Companies Aquila, Inc. and Xcel Energy Inc. Pay $26.5 Million and $16 Million, Respectively, To Settle Charges of False Reporting and Attempted Manipulation; Also Settling Charges Of False Reporting Are Entergy Koch Trading, L.P., Oneok, Inc. and Its Trading Subsidiary and Calpine Energy Services, L.P.