enforcement actions Archives - The Industry Spread

CFTC Files Enforcement Actions Against Two Affiliate Marketers for Binary Options Fraud

October 12, 2019

The U.S. Commodity Futures Trading Commission announced today that it filed a pair of enforcement actions against two affiliate marketers, David Sechovich and Peter Szatmari for creating and disseminating millions of fraudulent solicitations to open and fund retail binary options trading accounts on websites operated by unregistered, off-exchange brokers.

CFTC Announces Approximately $2.5 Million Whistleblower Award

June 29, 2019

The Commodity Futures Trading Commission (CFTC) announced today a whistleblower award of approximately $2.5 million to be paid to an individual whistleblower. In ordering the award, the CFTC took into account the significance of early reporting of misconduct, however, the award was reduced because of the whistleblower’s delay in reporting to the CFTC.

CFTC’s Division of Enforcement Issues First Public Enforcement Manual

May 11, 2019

The Commodity Futures Trading Commission’s (CFTC) Division of Enforcement (DOE) published its Enforcement Manual (Manual) today. This is the first issuance of a public Manual by DOE. The Manual provides an overview of the CFTC and DOE, and it establishes certain general policies and procedures that guide the work of DOE staff in detecting, investigating, and prosecuting violations of the Commodity Exchange Act (CEA) and the CFTC Regulations.  

CFTC Enforcements Up

October 9, 2018

The Commodities Futures Trading Commission (CFTC) announced an increase in enforcement actions.