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
02/28/2014	Federal Court Orders Arizona Resident Ray Thomas Brown to Pay over $1.2 Million for Solicitation Fraud and Misappropriation in Operating Two Commodity Scams Summary Judgment Order: Ray Thomas Brown Final Judgment Order: Ray Thomas Brown
02/28/2014	CFTC Obtains Default Judgment against Altamont Global Partners LLC and John G. Wilkins for Commodity Pool Fraud, Misappropriation, and Making False Statements to National Futures Association Judgment Order: Altamont Global Partners, LLC et al Report and Recommendation: Altamont Global Partners, et al
02/28/2014	CFTC Obtains Permanent Injunction Orders and Monetary Sanctions against Susan G. Davis, David E. Howard II, and Joseph Burgos for Fraudulent Solicitation of Managed Foreign Currency Trading Accounts Consent Order: Susan Davis Consent Order: David E. Howard II Supplemental Order: Joseph Burgos Order: Joseph Burgos
02/27/2014	CFTC Charges Melody Nganthuy Phan of California and Her Companies, My Forex Planet, Inc., Wal Capital, S.A., and Top Global Capital, Inc., with Operating a Fraudulent $3.7 Million Off-Exchange Forex Scheme Complaint: My Forex Planet, Inc., et al
02/20/2014	CFTC Seeks to Revoke the Registrations of Abdul Sultan Walji and His Company, Arista LLC, Based on Court’s Permanent Injunction Order Prohibiting Them from Committing Fraud and on Walji’s Conviction for Criminal Commodities Fraud Notice of Intent: Arista LLC and Abdul Sultan Walji
02/20/2014	CFTC Seeks to Revoke Registration of Introducing Broker iFinix Futures, Inc. Notice of Intent: iFinix Futures, Inc.
02/20/2014	CFTC Revokes Registrations of Colorado-Based Forex Company, Veruus Wealth Management, LLC Initial Decision: Veruss Wealth Management, LLC
02/20/2014	CFTC Revokes Registrations of Oregon Resident Joshua W. Wallace and His Company, System Capital, LLC Initial Decision: System Capital,LLC, et al.
02/19/2014	CFTC Charges Ron Earl McCullough and David Christopher Mayhew with Fraudulent Solicitation, False Statements, and Misappropriation of More than$1.6 Million of Customer Funds Complaint: Ron Earl McCullough, et al Order: Travis Maurice Cox
02/18/2014	CFTC Orders Florida-based Worth Asset Management and its Owner, Paul L. Kaulesar, to pay over $6.2 Million in Restitution and a Fine for Multi-Million Dollar Fraudulent Precious Metals Scheme Order: Worth Asset Management LLC and et al

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