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
04/02/2009	Nacogdoches, Texas Businessman George D. Hudgins Ordered to Pay Approximately $86 Million for Defrauding 230 Investors in a “Ponzi” Scheme Involving Commodity Futures and Options Contracts Order: Hudgins, et al. Federal Court Order Freezes Assets of Texas Resident George D. Hudgins in CFTC …
03/30/2009	CFTC Restricts the Registrations of Commodity Professionals John C. Glase, Sutherland Group, Inc., and Skibo Asset Management, LLC Order: CFTC v. John C. Glase Federal Court Finds Ohio Corporation Carnegie Trading Group, Ltd., Inc. and its…
03/26/2009	CFTC Sanctions ADM Investor Services, Inc. $200,000 For Failing To Diligently Supervise Its Employees Order: ADM Investor Services, Inc.
03/18/2009	CFTC Charges North Carolina Foreign Currency Firm Barki, LLC and Its Recently Deceased Principal Bruce C. Kramer In Alleged $40 Million Ponzi Fraud Complaint: CFTC v. Barki, LLC et al. Order: CFTC v. Barki, LLC et al.
03/12/2009	CFTC Charges Tennessee Resident and Las Vegas-based Firm with Fraud and Misappropriation in $20 Million Commodity Pool Ponzi Scheme Complaint: CFTC v. Bolze, et al. Order: CFTC v. Bolze, et al.
03/11/2009	CFTC Sanctions Chicago-based Walsh Trading Inc. $50,000 for Failing to Supervise an Employee's Handling of Customer Accounts Order: Walsh Trading, Inc.
03/11/2009	CFTC Charges Charlottesville, Virginia Man with Stealing $1 Million From Investors in a Ponzi Scheme Involving More than $10 Million Complaint: John M. Donnelly, Tower Analysis Inc., Nasco Tang Corp., and Nadia C… Order: John M. Donnelly, Tower Analysis Inc., Nasco Tang Corp., and Nadia Capit…
03/05/2009	CFTC Charges Ponzi Scheme in Mansfield, Texas, Caused More Than 250 Investors to Lose at Least $10.9 Million Complaint: CRW Management LP and Ray M. White. Order: CRW Management LP and Ray M. White
02/27/2009	CFTC Charges Idaho Resident Daren L. Palmer with Operating $40 Million Ponzi Scheme Order: Daren L. Palmer and Trigon Group, Inc. Complaint: Daren L. Palmer and Trigon Group, Inc.
02/27/2009	Anthony Ramunno, Jr., formerly of Alpharetta, Georgia, and His Company, Renaissance Asset Management LLC, Fined and Sanctioned in a $21 Million Ponzi Scheme Order: Renaissance Asset Management, LLC and Anthony Michael Ramunno, Jr. Order: Renaissance Asset Management, LLC and Anthony Michael Ramunno, Jr.

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