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
02/21/2019	Federal Court Imposes $15.7 Million Civil Penalty and Lifetime Trading Ban against Precious Metals Dealer and his Company in CFTC Anti-Fraud Action Supplemental Consent Order: The Tulving Company, Inc. and Hannes Tulving, Jr Consent Order of Permanent Injuction and other Relief Against The Tulving Compa…
02/14/2019	CFTC Charges Principal of a Purported Commodity Trading Firm with Social Media Based Fraudulent Scheme Complaint: Kelvin Oscar Ramirez Order: Kelvin Oscar Ramirez
02/08/2019	Federal Court Orders Husband and Wife Team and Their Company to Pay Defrauded Customers More Than $1 Million in Connection with a Futures Trading Scheme Default Judgment: Pishon Holding LLC, Sung Hong and Hyun Joo Hong
02/07/2019	In CFTC Action, Court Orders Precious Metals Trader to Pay Penalty and Imposes Trading Ban for Spoofing and Deceptive or Manipulative Scheme Final Judgment and Consent Order: Andre Flotron
01/31/2019	CFTC Charges Proprietary Trader with Spoofing in Soybean Futures Markets Order: Kevin Crepeau
12/21/2018	CFTC Orders Commodity Trading Firm and Principal to Pay a $315,000 Civil Monetary Penalty for “Cherry-Picking” Scheme Order: Newport Private Capital and Jonathan M. Hansen
12/21/2018	Federal Court Orders Forex Trading Firm and Its Principal to Pay More Than $1.6 million for Fraudulent Forex Pool Scheme Final Judgment by Default: Michael S. Wright Memorandum Order: Michael S. Wright Order: Michael S. Wright
12/21/2018	CFTC Obtains $2.1 Million Judgment Against Iowa Commodity Trader for Fraudulent Scheme Order and Default Judgment: Lon Olen Friedrichsen
12/19/2018	Federal Court Orders Commodity Pool Operators to Pay More Than $23 Million in Restitution and Penalties for Fraud and Misappropriation of Investors Funds Order: Haena Park, Phaetra Capital GP LLC, Phaetra Capital Management LP, and A… Opinion and Order: Haena Park, Yul Kaseman, Phaetra Capital GP LLC, Argenta Gro… Order: Yul Kaseman
12/17/2018	CFTC Charges Chicago-area Trader with Ongoing Forex and Commodity Fraud Complaint: Dro Kholamian and Blue Star Trading LLC Order: Dro Kholamian and Blue Star Trading, LLC PI Order: Dro Kholamian and Blue Star Trading, LLC

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