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
06/03/2021	Federal Court Orders Florida Man to Pay More than $500,000 for Attempting to Fraudulently Profit From COVID-19 Default Judgement: James Frederick Walsh Order: James Frederick Walsh Complaint: James Frederick Walsh
05/27/2021	CFTC Charges Chicago Commodity Pool Operators, Owner, and Former Chief Portfolio Manager with Fraud and Supervision Failures Order: Arjuna A. Ariathurai Complaint: LJM Funds Management LTD, et al
05/18/2021	CFTC Orders Connecticut Firm to Pay $500,000 for Wash Sales Order: Summerhaven Investment Management LLC
05/14/2021	Federal Court Orders Virginia Resident to Pay More Than $5 Million for Futures and Options Fraud Consent Order: Leonard J. Cipolla
04/27/2021	Federal Court Orders Oregon Owner of Precious Metals Firm to Pay $1.3 Million to Victims of Fraudulent Precious Metals Scheme Consent Order: Aaron Michael Scott
04/23/2021	CFTC Awards Approximately $3 Million to Whistleblower WB Award No. 21-WB-02
04/20/2021	CFTC Orders Florida Man and His Company to Pay Over $397,000 in Connection with a Digital Assets Solicitation Scheme Order: J Squared Invest LLC, et al.
04/09/2021	Federal Court Orders The Alista Group, LLC and Florida Man to Pay More Than $2.6 Million in Precious Metals Fraud Order: The Alista Group, et al
04/08/2021	Federal Court Orders Nevada Company and its Owner to Pay More Than $32 Million for Cryptocurrency Fraud and Misappropriation Scheme Judgment Form: David Saffron, et al. Final Judgment: David Saffron, et al. Order: David Saffron, et al.
04/08/2021	Federal Court Orders New Mexico Man to Pay Over $10.3 Million for Defrauding Commodity Futures Clients in Long-Running Ponzi Scheme Order: Douglas Lien

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