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The CFTC utilizes every tool at its disposal to detect and deter illegitimate market forces. Through enforcement action, the Commission preserves market integrity and protects market users, demonstrating that the Commission has significant authority and intends to use it. Below is a highlight of the CFTC enforcement efforts in this area over the last five fiscal years (FY 2006 through FY 2010).

Actions Taken Since FY 2006 in Manipulation, Attempted Manipulation, and False Reporting

Number of Cases Filed or Enforcement Actions	19
Number of Entities/Persons Charged	41
Number of Dollars in Civil Monetary Penalties Assessed	$197,562,500

Investors continue to fall prey to unscrupulous CPOs and CTAs, including CPOs and CTAs, including CPOs and CTAs operating hedge funds. The majority of the Commission’s pool/hedge fund fraud cases are brought against unregistered CPOs and/or CTAs. These cases tend to involve Ponzi schemes or outright misappropriation, rather than legitimate hedge fund operations.

Actions Taken Since October 2000 in Pool/Hedge Funds

Number of Cases Filed or Enforcement Actions	106
Cases/Actions Charging Commission Registrants	36
Number of Dollars in Penalties Assessed	$637,383,906

The Commission vigorously uses its enforcement authority to combat foreign currency (forex) fraud.

Actions Taken Since December 2000 in Foreign Currency Markets

Number of Cases Filed or Enforcement Actions	126
Number of Entities/Persons Charged	467
Number of Customers Affected	27,110
Number of Dollars in Civil Monetary Penalties Assessed	$577,549,521
Number of Dollars in Restitution Assessed	$477,473,424

 

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