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.

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Date ENFORCEMENT ACTIONS
CFTC FILES ADMINISTRATIVE COMPLAINT AGAINST FORMER CERES TRADING GROUP BRANCH MANAGER DARRYL M. OSLER CHARGING THAT HE COMMITTED COMMODITY FRAUD; CFTC Alleges that Osler, of Delray Beach, Florida, Instructed Brokers Under His Supervision to Make False and Misleading Statements to Customers in Order to Convince Them to Open Accounts and to Place Trades
CFTC ACCEPTS SETTLEMENT OFFERS OF LEXUS FINANCIAL GROUP, INC., MARK LEE SINGER AND DAVID ALAN LUGER IN CONNECTION WITH THE FRAUDULENT SOLICITATION OF CUSTOMERS; CFTC Order Finds that Lexus, Singer, and Luger Committed Fraud in Soliciting Customers to Trade Options on Commodity Futures Contracts, Revokes Their Registrations, and Prohibits Them from Trading; Requires Singer and Luger to Pay $6.8 Million in Restitution To Defrauded Customers
CALIFORNIA FEDERAL DISTRICT COURT ENTERS CONSENT ORDER OF PERMANENT INJUNCTION AND RESTITUTION AGAINST MARK E. CHULIK IN CFTC INJUNCTIVE ACTION CHARGING COMMODITY POOL FRAUD; CFTC Files And Settles Related Statutory Disqualification Proceeding and Revokes Chulik’s Registration As a Commodity Trading Advisor
CFTC FINDS CAPITAL INSIGHT BROKERAGE, INC. STATUTORILY DISQUALIFIED FROM REGISTRATION AND ISSUES ORDER ACCEPTING OFFER OF SETTLEMENT AND REVOKING CAPITAL INSIGHT’S REGISTRATION
SELLERS OF COMMODITY TRADING COURSE PAY $185,000 IN RESTITUTION AND PENALTIES AND ACCEPT INDUSTRY BAN UNDER CONSENT ORDER ISSUED BY MINNESOTA COURT; CFTC Had Charged Pelton Street Publishing, Inc. and Roger Martin Hoy with Fraudulent Sales Practices
CFTC FILES AND SETTLES ACTION AGAINST SOGEMIN METALS INC. IN CONNECTION WITH A FRAUDULENT COMMISSION ARRANGEMENT AND KICKBACK SCHEME;  CFTC Order Finds that Sogemin Metals Inc. Defrauded Two Chilean Metals Firms and Orders, Among Other Sanctions, Payment of a $500,000 Civil Monetary Penalty
CFTC ACCEPTS SETTLEMENT OFFERS OF DUNHILL FINANCIAL GROUP, INC. AND MARK HUTCHERSON IN CASE INVOLVING THE FRAUDULENT SOLICITATION OF CUSTOMERS; CFTC Finds that Dunhill and Hutcherson Committed Fraud in Soliciting Customers to Trade Options on Commodity Futures Contracts and Failed to Supervise, and Revokes Their Registrations and Prohibits Them from Trading, among other Sanctions
CFTC ACCEPTS SETTLEMENT OFFERS OF LEON LEVITIS, ILYA LEVITIS, AND PAUL MANFRE IN CONNECTION WITH THE FRAUDULENT SALE OF ILLEGAL FOREIGN CURRENCY FUTURES CONTRACTS; Order Finds That Leon Levitis, Ilya Levitis, and Paul Manfre Fraudulently Solicited Customers To Enter Into Illegal Foreign Currency Futures Contracts And That Leon Levitis and Ilya Levitis Also Made and Issued False Reports, Bucketed Customer Orders, and Converted and Commingled Customer Funds
FLORIDA FEDERAL COURT ENTERS CONSENT ORDER OF PERMANENT INJUNCTION AGAINST GLENN R. TAUBMAN IN CFTC ACTION CHARGING REGISTRATION, DISCLOSURE, AND REPORTING VIOLATIONS; Order Imposes Permanent Injunctions and a Two-Year Registration Ban
VIRGINIA COURT ENTERS PERMANENT INJUNCTION AND RESTITUTION ORDER IN CFTC INJUNCTIVE ACTION AGAINST PETER BERZINS CHARGING COMMODITY POOL FRAUD; Court Permanently Bars Berzins From Trading, Seeking Registration Or Acting In Any Capacity Requiring Registration With The CFTC and Requires Him to Pay in Excess of $1 Million in Restitution,