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 ENFORCEMENT ACTION AGAINST BOSTON TRADING ADVISORS, LLC, FOR FAILING TO REGISTER AS A COMMODITY POOL OPERATOR;
CFTC CHARGES CONNECTICUT MAN AND HIS COMPANY WITH BILKING COMMODITIES INVESTORS IN FRAUDULENT POOL SCHEME; Burton Friedlander and Friedlander Capital Management Corporation Allegedly Misappropriated More than $1.3 Million to Pay for Boats, Cars, Country Club Dues, and Legal Expenses
CFTC CHARGES FLORIDA FOREIGN CURRENCY (FOREX) FIRM AND OFFICERS WITH DEFRAUDING INVESTORS; CFTC Alleges that Defendants Bibas Levy Corp., Zacarias Bibas, and Hassan Sharam Made False Profit Claims, Misrepresented Their Performance Record and Minimized Risks of Foreign Currency Futures Trading
MICHIGAN RESIDENT CHARGED WITH DEFRAUDING PARTICIPANTS IN $1.2 MILLION COMMODITY POOL FRAUD SCHEME; Federal Court Order Freezes Assets of Defendants John Daniel Lee, Marquis Financial Management Systems, Inc., and The Marquis Group, Inc.
CFTC FINDS THAT MISSISSIPPI RESIDENT ARTHUR ROWELL FRAUDULENTLY SOLICITED CUSTOMERS TO INVEST IN FOREX CONTRACTS
NEW YORK FOREX FIRM CHARGED WITH DEFRAUDING OVER 300 INVESTORS IN $10 MILLION COMMODITY SCAM
TEXAS COMMODITY TRADER AND FIRM CHARGED WITH DEFRAUDING CUSTOMERS OF APPROXIMATELY $1 MILLION; CFTC Charges Richard A. Hale and Allegheny Gulf Investments, Inc., with Misuse of Investor Funds
CFTC FINDS LAS VEGAS MAN USED WEBSITE TO MISLEAD PUBLIC ABOUT PROFITABILITY OF HIS COMMODITY TRADING SYSTEM; Steven Matrix Settles Charges He Made False Claims About His <em>CounterPoint Method</em> Trading System
CFTC FINDS FORMER AVISTA ENERGY VICE-PRESIDENT MANIPULATED ELECTRICITY FUTURES ON NYMEX; William H. Taylor of Houston, Texas, Agrees to Settlement Terms, Including a Civil Monetary Penalty and Trading Ban
CFTC SUES AMERICAN ELECTRIC POWER COMPANY, INC. AND ITS SUBSIDIARY, CHARGING FALSE REPORTING AND ATTEMPTED MANIPULATION OF NATURAL GAS PRICES; AEP and its Subsidiary Charged with Routinely Reporting Thousands of False Natural Gas Trades to Publications