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
FLORIDA WOMAN AND COMPANY SETTLE CFTC CHARGES ALLEGING THEY FRAUDULENTLY MARKETED COMMODITY TRADING SYSTEMS; CFTC Imposed Trading Bans and Penalties on Bernadette Flavell and Systems of Success – Window to Profit (SOS)
SIX COFFEE, SUGAR & COCOA EXCHANGE FLOOR BROKERS CHARGED BY CFTC WITH UNLAWFULLY TRADING COFFEE FUTURES
CALIFORNIA COMMODITY TRADER CHARGED WITH UNAUTHORIZED TRADING, UNLAWFULLY OPERATING A COMMODITY POOL AND ILLEGALLY MANAGING TRADING ACCOUNTS; CFTC Files Complaint Against Donald Steven Smith and His Company, Fibit.com, in Federal District Court
FLORIDA MAN SETTLES CHARGES ALLEGING HE FRAUDULENTLY MARKETED COMMODITY TRADING SYSTEMS; CFTC Bars Kevin Kates From Trading
MICHIGAN ATTORNEY CHARGED WITH $6 MILLION COMMODITIES FRAUD; Federal Government Alleges that Charles Mady Issued False Account Statements to Hide Mounting Commodity Trading Losses and Misappropriated Over $1 Million
MARYLAND MAN AND FIRM SETTLE CHARGES OF FRAUD WITH CFTC; Consent Order issued by District Court Enjoins Defendants Peter Scott and Rothlin & Windsor Capital Management, Inc. from Committing Fraud and also Permanently Bars Defendants from trading in futures and options
INTERNET TRADING SYSTEM PROMOTER SETTLES CHARGES ALLEGING HE MADE MISREPRESENTATIONS ON WEBSITE; Michael Radcliffe Made False Claims Concerning Profits He Generated By Using His Commodity Trading System
FLORIDA, LOUISIANA AND GEORGIA FIRMS CHARGED WITH FRAUDULENTLY SOLICITING OVER $1,000,000 FROM CUSTOMERS TO INVEST IN ILLEGAL FOREIGN CURRENCY (FOREX) OPTION CONTRACTS; Government Obtains Federal Court Order Freezing Assets of 19 Individuals and Companies; Related Action Also Filed by Louisiana Attorney General
Commodity Futures Trading Commission Files Federal Action Against Florida Man For Providing False Information Related to His $6.8 Million Settlement With the Commission
CFTC Establishes Enron Information Link to Assist the Public in Reporting Suspicious Activities that May Have Affected West Coast Electricity or Natural Gas Prices Involving Enron or Any Other Company