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
07/06/2023	CFTC Charges Unregistered Michigan Commodity Pool Operator and its President with $13 Million Fraud Complaint: K.E.L. Enterprises, Inc., et al
07/06/2023	CFTC Charges Alleged Bitcoin Seller and Former Attorney with Multi-Million Dollar Bitcoin Fraud, Imposes Over $5 Million in Restitution Order: Randy Craig Levine Order: Philip Reichenthal Statement of Commissioner Kristin N. Johnson
07/05/2023	Federal Court Orders Four Feeder Fund Operators and Their Principals to Pay Over $10 Million in Restitution and Penalties for Forex Fraud Consent Order: Exhibit A Highrise, et al Consent Order: Exhibit B Highrise, et al Consent Order: Exhibit C Highrise, et al Consent Order: Exhibit D Highrise, et al Order: Highrise, et al Motion for Consent Order: Highrise, et al Statement of Commissioner Kristin N. Johnson
07/03/2023	Federal Court Orders Two Delaware Companies to Pay Nearly $146 Million for Misappropriation and Fraud Related to a Precious Metals Scheme Consent Order: First State Depository Company, et al Order: First State Depository Company, et al Statement of Commissioner Kristin N. Johnson
06/29/2023	CFTC Division of Enforcement Creates Two New Task Forces
06/29/2023	CFTC Orders Australian Company to Pay Penalty for Both Federal and Exchange Platinum Futures Position Limits Violations Order: Challenger Life Company Limited Statement of Commissioner Caroline Pham
06/28/2023	Federal Court Orders Ohio Man to Pay Over $50 Million for Fraudulent Digital Asset Trading Scheme Final Judgment: Michael Ackerman
06/22/2023	CFTC Charges New York Man with Misappropriating Over $21 Million in Commodity Pool Scheme Complaint: William Koo Ichioka Commissioner Kristin N. Johnson Statement
06/22/2023	CFTC Charges California Resident and His Corporation with Fraud and Misappropriation in a Popular Romance Scam Involving Digital Asset Commodities and Forex Complaint: Cunwen Zhu and Justby International Auctions Statement of Commissioner Kristin N. Johnson
06/21/2023	Federal Court Orders Florida Man to Pay Over $1 Million in Penalties for Fraudulent Solicitation and Misappropriation in a Commodity Pool Scheme Final Judgement Order: Rico Cox Default Judgment: Rico Cox

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