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 Order Imposes $600,000 Civil Penalty Against Fenchurch Capital Management Inc. of Chicago, In Connection with Market Manipulation and Cornering
CFTC Charges Oster Communications, Inc. d/b/a Future Source With Committing Fraud and With Registration Violations in Connection With Sale and Marketing of JDI Limited's "Micro-Trading System"
CFTC Judge Orders Penalties Against Michael Staryk #
New York Court Refuses to Enjoin CFTC Investigation In Response to a Motion Filed by Avxo Financial Corporation #
CFTC Judge Finds that Solomon Mayer Committed Fraud by Bucketing Customer Orders #
Texas Court Issues Preliminary Injunctions Against Christopher C. Schafer, A.R.S. Financial Services, Peter J. Urbani, and Alchemy Financial Group, All Charged In CFTC Enforcement Action #
Washington State Commodity Pool Operator, Ken Willey, Held in Contempt of Court for Refusing to Reveal Location of Commodity Pool Assets #
Colorado Court Issues Preliminary Injunctions Against Brian Prendergast and Joel de Angelis in CFTC Anti-fraud Action Against Prism Financial Corporation of Englewood, Colorado #
CFTC Files Statutory Disqualification Action Against Patrick D. Kelly, and Simultaneously Accepts His Settlement Offer, Which Includes a Two-Year Period of Conditioned Registration #
CFTC files administrative action against three CME floor brokers, alleging fraudulent trade practice abuse in the live cattle futures pit #