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 Court Issues Permanent Injunction Against James V Dowler, Jr and Dowler & Beekman Trading Co.
Permanent Injunction Issued By California Court in CFTC Enforcement Action Against Carl J. Hermans of North Hollywood
Permanent Injunction Issued Against Edward M. Collins of Hoffman Estates, Illinois, in CFTC Anti-fraud Action Filed in 1994
<i>EX PARTE</i> Asset Freeze Order Issued By California Court in CFTC Enforcement Action Against Carl J. Hermans of North Hollywood, California
U.S. District Court In Colorado Issues Orders Of Permanent Injunction In CFTC Anti- Fraud Action Against Brian Prendergast Of Colorado And Joel De Angelis Of California In 1996 Prism Case
CFTC Accepts Settlement Offer in Statutory Disqualification Action Against CBOT Floor Broker Richard C. Hayes, Which Includes Revocation of Hayes' Registration
CFTC Prevails In Action to Enforce Aministrative Subpoenas Requiring Testimont And Production of Documents Related to London Financial, Inc., of Jupiter, Florida
CFTC Appeals Frankwell Bullion Ltd., Et. Al. Decision
CFTC's Division of Enforcement Establishes Virtual Open House on World Wide Web; Defendant Donald Chancey's Property to be Auctioned to Recover Funds Allegedly Embezzled in Commodities Scheme
CFTC Settles Statutory Disqualification Action Against CBOT Floor Broker Timothy J. Murphy; Conditions Murphy's Registration for a Two-Year Period