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
07/19/2019	Federal Court Orders Defendant to Pay More Than $2.9 Million in Connection with a Social Media-Based Forex Fraud Scheme Final Judgment: Kelvin Oscar Ramirez
07/18/2019	CFTC Orders Former Hedge Fund Portfolio Manager to Pay More than $700,000 in Monetary Sanctions for Fraudulently Mismarking Swaps Order: Swapnil Rege
07/12/2019	CFTC Files and Settles Enforcement Actions Against Two Futures Commission Merchants and an Introducing Broker Arising from Unauthorized Trading and Improper Bunched Orders Dean Katzelis and Shahin Maleki d/b/a Essex Futures Vision Financial Markets LLC ADM Investor Services Inc
07/12/2019	CFTC Orders ADM Investor Services Inc. to Pay a $250,000 Penalty to Settle Charges that it Failed to Supervise Its Employees Order: ADM Investor Services, Inc.
07/12/2019	CFTC Orders Vision Financial Markets LLC to Pay a $200,000 Penalty to Settle Charges that It Failed To Supervise Its Employees Order: Vision Financial Markets LLC
07/12/2019	CFTC Orders Dean Katzelis and Shahin Maleki d/b/a Essex Futures to Pay a $500,000 Penalty to Settle Charges of Unauthorized Options Trading, Failure to Supervise, and Other Violations Order: William Dean Katzelis and Shahin Maleki d/b/a Essex Futures
07/12/2019	CFTC Issues Order Finding that Korea Exchange, Inc. Made a False and Misleading Certification to the CFTC Order: Korea Exchange, Inc
07/10/2019	Federal Court Permanently Enjoins Defendants and Orders Them to Pay Penalties and Restitution for Bitcoin Solicitation Fraud, Impersonating a CFTC Investigator, and Sending Forged CFTC Documents Order and Default Judgment: Hunt and Hecroft
07/02/2019	CFTC Charges Hedge Fund with Violating Wheat Futures Speculative Position Limits Order: Elephas Investment Management Ltd
07/01/2019	CFTC Announces $2 Million Award to Joint Whistleblowers 19-WB-04

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