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
Virginia Man & His California Corporation Ordered to Pay Nearly $12 Million in Penalties for Fraudulent Commodity Trading System Sold to More than 15,000 Customers
U.S. Commodity Futures Trading Commission Settles Fraud Action Against Maryland Resident Arthur John Keeffe, II and His Foreign Currency (Forex) Trading Company, Calvary Currencies LLC
Defendants Ordered to Pay $1.6 Million in Government's Attempted Manipulation Case against Concord Energy, LLC and Natural Gas Energy Traders Shawn McLaughlin and Darrell Danyluk
Connecticut Resident Burton Friedlander and his Company Ordered to Pay More Than $2 Million to Defrauded Customers in Connection with Commodity Fraud Scheme
CFTC Settles Recordkeeping Charges Against Pioneer Futures, Inc.
CFTC's Division of Enforcement Clarifies Cooperation Advisory with Respect to the Attorney-Client and Work Product Privileges
Man Financial Inc. Sanctioned for Failing to Supervise Former Employee Who Fraudulently Solicited Customers
Federal Court Imposes Penalty and Restitution of More Than $1.3 Million against Manager at Worldwide Commodity Corporation in Commodity Options Fraud Case
U.S. Commodity Futures Trading Commission Settles Action Charging NRG Energy Inc. with Falsely Reporting Natural Gas Trades
California Court Orders Gilbert Philip Castillo, Jr. and Castle Enterprise Corporation to Pay More than $800,000 in Disgorgement and $480,000 in Civil Penalties for Fraud by an Unregistered Commodity Trading Advisor