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
09/16/2019	In CFTC Action, Former Precious Metal Trader Admits to Engaging in Spoofing at Two New York Banks Order: Christian Trunz Remarks of Director of Enforcement James McDonald During CFTC-DOJ Press Confere…
09/16/2019	CFTC Charges Traders at Major U.S. Bank with Manipulating the Precious Metals Futures Markets Complaint: Michael Thomas Nowak, and Gregg Francis Smith Remarks of Director of Enforcement James McDonald During CFTC-DOJ Press Confere…
09/13/2019	CFTC Orders Interdealer Broker to Pay $13 Million for Supervisory Failures and False Statements Order 1: Tullet Prebon Americas Corp. Order 2: Tullet Prebon Americas Corp.
09/12/2019	CFTC Orders Registrant to Pay $1.5 Million for Violations Related to Cyber Breach Order: Phillip Capital Inc.
09/12/2019	CFTC Orders Chief Compliance Officer of Trading Firm to Pay 150,000 for Fraud and False Statements to a Self-Regulatory Organization Order: Rafael Marconato
09/10/2019	CFTC Charges Trading Systems Firm and its Principal with Solicitation Fraud and False Statements Complaint: FuturesFX and Simon Jousef
09/10/2019	Merrill Lynch Ordered to Pay $300,000 Penalty for Failing to Promptly Produce Audit Trail Data Merrill Lynch, Pierce, Fenner & Smith Incorporated
09/09/2019	CFTC Charges Unregistered Forex Trading Firm and Its Principal with Fraud and Misappropriation Complaint: Dominick Vincent Carducci and Vos Capital Management, LLC.
09/09/2019	CFTC Orders Registrant to Pay $1.25 Million for Fraud, Unauthorized Trading, and Violating Speculative Position Limits in Live Cattle Futures Order: Nathan Harris
09/04/2019	SEC and CFTC Charge Options Clearing Corp. with Failing to Establish and Maintain Adequate Risk Management Policies The Options Clearing Corporation SEC Press Release

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