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 CHARGES CALIFORNIA MAN AND HIS FIRM, UR-LINK, WITH FRAUD IN CONNECTION WITH FOREIGN CURRENCY SCHEME
LOS ANGELES-AREA FOREIGN CURRENCY (FOREX) FIRM EMERALD WORLDWIDE HOLDINGS, INC., CHARGED WITH DEFRAUDING MORE THAN 300 CUSTOMERS OF OVER $4.7 MILLION IN COMMODITY SCAM; CFTC Also Charges Jan Lu Hao and Jian Zhuang in Scheme to Defraud
CFTC CHARGES CHICAGO BROKER KEITH W. KRYSINSKI WITH FRAUD ON COMMODITY FUTURES CUSTOMERS; CFTC Alleges Defendant Misappropriated Certain Customer Funds and Created a False Statement To Conceal the Fraud; Federal Court Issues Order Freezing Defendant's Assets
CFTC IMPOSES A TOTAL OF $34 MILLION IN CIVIL PENALTIES ON THREE ENERGY TRADING FIRMS; Reliant Energy Services, Inc. To Pay $18 Million To Settle Charges of False Reporting and Attempted Manipulation, As Well As Charges of Wash Sales; and, CMS Marketing Services & Trading and CMS Field Services To Pay $16 Million to Settle Charges of False Reporting and Attempted Manipulation
CALIFORNIA FOREIGN CURRENCY (FOREX) FIRM SUED FOR DEFRAUDING INVESTORS OUT OF APPROXIMATELY $2 MILLION IN COMMODITY SCAM; CFTC Charges FX First, Inc., Alexey Mironov, and William Whyte With Commodity Scam In Foreign Currency Futures; Federal District Court Judge Orders Defendants' Assets Frozen and Issues Preliminary Injunction
CFTC JOINS OTHER MEMBERS OF THE PRESIDENT'S CORPORATE FRAUD TASK FORCE IN UNDERCOVER "OPERATION WOODEN NICKEL" TO PROSECUTE INDIVIDUALS AND COMPANIES ALLEGEDLY STEALING MILLIONS OF DOLLARS THROUGH SALES OF ILLEGAL FOREIGN CURRENCY (FOREX) FUTURES CONTRACTS; CFTC Charges 31 Individuals and Entities With Fraud, Selling Illegal Futures Contracts, and Filing False Reports,
CFTC FINDS THAT TRADING ADVISOR, GEORGE R. HARRISON OF CLAREMONT, NH, USED WEBSITE TO MISLEAD PUBLIC ABOUT PROFITABILITY OF COMMODITY TRADING SYSTEM; Respondent George R. Harrison Settles Charges He Made False Claims About MBP Method
CFTC FINDS THAT FORMER COMMODITIES ACCOUNT EXECUTIVE, KEVIN MARSHBURN OF TAMPA, FLORIDA, ENGAGED IN FRAUDULENT ALLOCATION SCHEME; CFTC Order Imposes Civil Monetary Penalty of $159,000 and a 10-year Trading Ban
FEDERAL COURT ORDERS OREGON RESIDENT TO GIVE UP FEES RECEIVED FROM OFFERING FRAUDULENT COMMODITIES INVESTMENT; Thomas E. Jones of Rainer, Oregon Required to Give Up $74,000
MICHIGAN ATTORNEY, CHARLES G. MADY, ORDERED TO PAY MORE THAN $8 MILLION TO DEFRAUDED COMMODITY POOL INVESTORS; Court Bans Defendant From Trading for His Own Account for 10 Years and Permanently Bans Him from Trading Commodity Futures or Options for Others;