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
Louisiana Federal Court Freezes Assets of William Guidry of Florida, Matthew Pizzolato of Louisiana and Louisiana Company Capital Funding Consultants, Charged by the CFTC with Operating a $2 Million Commodity Pool Fraud
CFTC Sanctions Hedge Fund EMF Financial Products, LLC $4 Million to Settle CFTC Charges that EMF Made False Statements Concerning Its Market Positions to the Chicago Board of Trade
New York Resident Michael Kourmolis Permanently Banned From Futures Industry For Fraudulent Solicitation In CFTC Anti-Fraud Action
Federal Court Freezes Assets of Florida Resident David A. Owen, Charged by the CFTC with a Multi-Million Dollar Commodity Pool Fraud
Federal Court Orders Canadian Trio to Pay More than Equivalent $2.2 Million in Restitution, Disgorgement and Penalties in CFTC Commodity Pool Anti-Fraud Action
New York Court Imposes $500,000 Fine and Other Sanctions Against David P. Lee, Former Natural Gas Trader for Bank of Montreal
Federal Court Freezes Assets of Moroccan Resident Richmond Hamilton, Jr., and the Chicago Commodity Pool He Manages in a $1 Million Pool Anti-Fraud Case Brought by the CFTC
Federal Appeals Court Affirms CFTC’s Finding of Manipulation by Anthony J. DiPlacido and Modifies Civil Monetary Penalty
CFTC Enforcement Program Files 25% More Cases During Fiscal Year 2009 than in the Prior Fiscal Year
CFTC Charges Florida Resident and His Panamanian Corporation with Fraud and Misappropriation