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
11/12/2009	New York Resident Michael Kourmolis Permanently Banned From Futures Industry For Fraudulent Solicitation In CFTC Anti-Fraud Action Order: CFTC v. Michael Kourmolis CFTC Press Release 4825-03
11/10/2009	Federal Court Freezes Assets of Florida Resident David A. Owen, Charged by the CFTC with a Multi-Million Dollar Commodity Pool Fraud Order: CFTC v. David A. Owen Complaint: CFTC v. David A. Owen
11/09/2009	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 Order: CFTC v. Paul States, et al. Order: CFTC v. Bernadette Bowden, et al. Order: CFTC v. Robin States, et al. CFTC Charges Canadian Couple with Fraud and Misappropriation in Connection with…
11/06/2009	New York Court Imposes $500,000 Fine and Other Sanctions Against David P. Lee, Former Natural Gas Trader for Bank of Montreal CFTC v. Kevin Cassidy, et al. CFTC Charges Former Energy Trader David P. Lee with Fraud for Mis-Marking Bank …
10/30/2009	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 Order: CFTC v. Raleigh Capital, et al. Complaint: CFTC v. Raleigh Capital, et al.
10/21/2009	Federal Appeals Court Affirms CFTC’s Finding of Manipulation by Anthony J. DiPlacido and Modifies Civil Monetary Penalty Order: Anthony DiPlacido CFTC Press Release 4555-01, August 21, 2001 In the Matter of Anthony J. Diplacido
10/16/2009	CFTC Enforcement Program Files 25% More Cases During Fiscal Year 2009 than in the Prior Fiscal Year
10/15/2009	CFTC Charges Florida Resident and His Panamanian Corporation with Fraud and Misappropriation Complaint: CFTC v. Trader’s International Return Network and David Merrick
10/08/2009	CFTC Suspends the Registration of Criminally Indicted Chicago Floor Broker David G. Sklena Order: David G. Sklena CFTC Charges Two Chicago Board of Trade Floor Brokers with Defrauding Customers… CFTC Issues a Notice to Suspend or Modify the Registration of Indicted Floor Br…
10/08/2009	Pennsylvania Resident Joseph Forte Admits to Operating a Multi-Million Dollar Ponzi Scheme in CFTC Enforcement Action Order: Joseph S. Forte Order Appointing Receiver: Joseph S. Forte CFTC Charges Philadelphia-area Resident with Operating $50 Million Ponzi Scheme

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