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
CFTC FILES AND SETTLES FRAUD ACTION AGAINST COMMODITY POOL OPERATOR VERAS INVESTMENT PARTNERS, LLC; CFTC Finds that Veras, Along with Owners and Managing Members James McBride and Kevin Larson, Failed to Disclose Illegal and Deceptive Trading Practices to Pool Participants; Order Imposes $500,000 Penalty on Veras, McBride, and Larson, and Revokes Their Registrations
CFTC CHARGES THIRTEEN FLORIDA RESIDENTS AND COMPANIES WITH DEFRAUDING CUSTOMERS OF MORE THAN $6 MILLION; CFTC Charges that Defendants Fraudulently Solicited Nearly 400 Customers to Trade Commodity Options Contracts and Misappropriated Customer Funds
Federal Court Freezes Assets Of Three Related South Florida Firms And Their Principal In CFTC Action Alleging A $14 Million Foreign Currency (forex) Fraud; CFTC Charges Carlos Alejandro Libera Saume and His Companies with Stealing Funds of 140 Customers
CFTC Issues Consumer Advisory Warning About Promises of Easy Profits from Commodity Futures and Options Trading Based on Seasonal Demand and Other Well-Known Public Information
CFTC Obtains Federal Court Order Freezing Assets of FX Trading, LLC of Iselin, New Jersey, and Charges Firm with Failing to Maintain Minimum Net Capital Requirements for Registered Futures Commission Merchants
Washington State Commodity Advisory Firm Trade Risk Management and Firm President James Maggio Charged With Fraud
Illinois Federal Court Requires Canadian Commodity Pool Operator Kevin J. Steele To Pay Over $7 Million In Restitution To Defrauded Investors In CFTC Enforcement Action
CFTC Orders Shahrokh Nikkhah to Pay a $200,000 Civil Monetary Penalty in Fraudulent Trade Allocation Case
CFTC FILES FRAUD ACTION AGAINST HEDGE FUND OPERATED BY LAKE DOW CAPITAL; Federal Court Freezes Assets of Hedge Fund and its Operator
U.S. DISTRICT COURT FREEZES ASSETS OF SOUTH FLORIDA FOREIGN CURRENCY FIRM MADISON FOREX INTERNATIONAL BASED ON FRAUD ALLEGATIONS BY U.S. COMMODITY FUTURES TRADING COMMISSION