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.

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View Opinions and Adjudicatory Orders

Enforcement Advisory: New Division of Enforcement Policy on Cooperation

Date	ENFORCEMENT ACTIONS
02/21/2014	CFTC Revokes Registrations of Oregon Resident Joshua W. Wallace and His Company, System Capital, LLC Initial Decision: System Capital,LLC, et al.
02/21/2014	CFTC Seeks to Revoke Registration of Introducing Broker iFinix Futures, Inc. Notice of Intent: iFinix Futures, Inc.
02/20/2014	CFTC Charges Ron Earl McCullough and David Christopher Mayhew with Fraudulent Solicitation, False Statements, and Misappropriation of More than$1.6 Million of Customer Funds Complaint: Ron Earl McCullough, et al Order: Travis Maurice Cox
02/19/2014	CFTC Orders Florida-based Worth Asset Management and its Owner, Paul L. Kaulesar, to pay over $6.2 Million in Restitution and a Fine for Multi-Million Dollar Fraudulent Precious Metals Scheme Order: Worth Asset Management LLC and et al
02/15/2014	CFTC Revokes Registration of Commodity Trading Advisor Prestige Capital Advisors, LLC Initial Decision: Prestige Capital Advisors, LLC
02/12/2014	Federal Court in Nebraska Imposes More than $10 Million in Sanctions against Michael B. Kratville, Jonathan W. Arrington, Elite Management Holdings Corp., and MJM Enterprises LLC for Commodity Pool Fraud Memorandum Order: Michael B. Kratville Judgment and Order: Jonathan W. Arrington, et al
02/12/2014	Federal Court Orders North Carolina Resident Michael Anthony Jenkins and his Company, Harbor Light Asset Management, to Pay over $5.2 Million for Solicitation Fraud, Misappropriation, and Embezzlement in a Ponzi Scheme Judgment Order: Harbor Light Asset Management, LLC and et al
02/06/2014	Federal Court in Florida Orders James Burbage, Frank Gaudino, and Their Companies to Pay over $5 Million in Restitution and Penalties to Settle Charges Related to Illegal, Off-Exchange Precious Metals Transactions Consent Order: James Burbage, et al
02/04/2014	CFTC Revokes the Registrations of Chicago Trading Managers LLC Initial Decision: Chicago Trading Managers, LLC
02/01/2014	CFTC Obtains Court Order against Arizona Resident Thomas L. Hampton for Issuing False Account Statements and Operating as an Unregistered Commodity Pool Operator Judgment and Order: Thomas L. Hampton

Enforcement Actions

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