FOLLOW US :
212-300-5196

White Glove Service. Excellent Results. Strong Reputation.

Read Our Reviews

CFTC Defense Lawyers

The Spodek Law Group handles CFTC investigations, and enforcement actions, throughout the USA. Our firm is led by Todd Spodek, a second generation criminal defense attorney.

The US CFTC Division of Enforcement is tasked with investigating and prosecuting alleged violations which violate the Commodity Exchange Act, and CFTC regulations. If you’re accused of a CFTC offense, it’s important you hire a law firm who can help. Spodek Law Group can handle all aspects of a CFTC investigation, ranging from informal inquiries, to formal investigations, enforcement actions, and more.

We can work closely with your in-house legal team in order to achieve your objective and avoid prosecution. It’s essential that at the outset of any commodities investigation or action you create a sound strategy which will lead to a speedy resolution. In some cases it can be beneficial to work with the government. In other cases, taking a defensive posture is prudent. It’s our job to help you understand which approach is beneficial.

With the Dodd-Frank amendment, the CFTC was granted more authority. As a result, the CFTC has shown increased aggressiveness in its investigations of commodity market trading patterns. The leveraged precious metals brokerage business, and other related bad credit business loans sector, has become the focus of the CFTC and other regulators.

We understand what’s at stake in a CFTC investigation. If you have questions, we encourage you to contact us to get a risk free consultation today.

CFTC Defense Lawyers

What is the CFTC?

The CFTC is an independent US agency established by the CFTC Act of 1974. It regulates commodity futures and options. Its goal is to help increase competitive markets, and efficient future markets.

  • Their goal is to protect investors against manipulation
  • Protect investors from abusive trade practices
  • Protect investors from abuse

The CFTC has five committees, each headed by a commissioner whose appointed by the president and approved by the Senate. The five committees focus on a number of issues like: agriculture, global markets, energy, environmental markets, technology, and also cooperation between the CFTC and SEC. The committees consist if people who represent the interests of industries, traders, consumers, etc.

In recent years the CFTC is moving away from focusing on traditional commodity products, and shifting to new challenges in the 21st century. Most recently, it’s focused on Fintech products such as Bitcoin. In 2017, Bitcoin futures contracts launched. The CFTC says that FinTech is driving innovation in financial markets across the world. New technologies such as AI, cloud computing, and machine learning, have resulted in many challenges for the CFTC. But, still, the CFTC retains and plays an important role in regulating financial markets.

What does the CFTC do?

The CFTC’s goal is to stop market manipulation and manipulative schemes. The CFTC is capable of correcting problems in the market caused by violators, and to remove actors causing them. The CFTC has the power to pass out penalties for violations of the Commodity Exchange Act, and other regulations.

Examples include fines, bans, and even criminal penalties. These can be against registered firms and even traders. The CFTC can pursue this for things like ponzi schemes, manipulative commodities schemes, and more.

In a recent article in the WSJ, it was noted that the CFTC has been relying more heavily on coordination with criminal prosecutors, which has resulted in a record high number of criminal charges being filed.

CFTC Defense Lawyers

Whistleblowers could trigger an investigation into your operation

Whistleblowers often begin CFTC investigations into companies who may be violating CFTC rules and regulations. Although SEC and qui tam are some of the more well known whistleblower programs, there are many other programs that exist as well. The CFTC whistleblower program awards those who provide information regarding a violation of the Commodity Exchange Act, if it leads to more than $1 million in penalty fines.

Below are examples of various CFTC issues we can assist with

[pagelist child_of=”current” class=”page-list-cols-3″]

Commodity Trading Charge Defense Lawyers

The CFTC, located in DC, has become VERY aggressive. It also has started collaborating with other government agencies, such as the US Attorneys office, and the DOJ. They are actively referring cases for criminal prosecution, and are unafraid of ensuring that people who commit crimes are punished accordingly. At Spodek Law Group, we take a pragmatic approach to providing top quality legal help for clients being actively investigated for offenses. The CFTC has a nationwide presence. It’s charged with enforcing laws under the Commodity Exchange Act. The CFTC is looking at all illegal trades pertaining to commodities, futures, and swaps. It is able to do this by getting tips from the public, individuals, and businesses. The CFTC actively works with other federal bodies, state agencies, and foreign governments, in order to make sure the law is enforced.

CFTC Investigations can result in more than just civil penalties

This is one of the main reasons you have to take CFTC investigations seriously. They can lead to civil and criminal penalties. It means if an investigation has been launched, you need an experienced attorney who can make sure to limit the effects of any criminal charges. Any CFTC investigation can result in monetary penalties, including freezing assets, ordering payment, seizure of profits, and more. your livelihood, and reputation, is in jeopardy.

One of the biggest issues associated with a CFTC investigation is the possibility of criminal charges. It’s possible that criminal charges can be filed, and your case proceeds to trial. Convictions can result in crimes, and imprisonment. Our goal is to explain to the criminal court the process, and help you understand how commodities trading charges will proceed through the legal system. Your freedom is on the line, and we will help you make the choices you need to protect them!

 


Charle Butler
Charle Butler
2021-03-12
Verified
I was hesitant to hire the Spodek Law Group. I read reviews and knew they have a great reputation. However, I thought I would spend money and not see or speak to my attorney. From the beginning to end of my case Todd and the entire staff were available and willing to help. We worked towards and end result that was way above my expectation and Todd delivered. I am forever grateful for patience and long days and night spent working on my case. Thanks Todd and the entire team!
Mesonista parsons
Mesonista parsons
2021-03-05
Verified
My attorney at Spodek was Abigail. She was very knowledgeable and helpful with all my questions and concerns, as well as responsive. Her fees are affordable and Abigail took the time to make sure I understood everything relating to my case. I highly recommend Abigail and will request her services in the future.
debabrata chakraborty
debabrata chakraborty
2021-03-03
Verified
Todd A Spodek is the experienced and best criminal lawyer at USA. He is very professional and always respond on time. Alex also very cooperative and always help me. They took care me and my problem like family member. I am 100% satisfied for their professional service. My result was unexpected and amazing. They dismissed my case. I am really grateful to them. I will recommend you to go there if you want to solve your problem. I wish all the best for them.
Asata Hendricks
Asata Hendricks
2021-03-02
Verified
Truly appreciate the work the guys did!. Exceptional team & I know they care about each and everyone of their clients. I am super thankful to be referred to Spodek Law Group and I am grateful Todd & Alex were able to work diligently to achieve an outcome I am pleased with. Despite COVID they stayed on top of things and kept me informed every step of the way. Very thankful.
Mike Moroff
Mike Moroff
2021-02-26
Verified
I'm very satisfied with the services rendered by Todd, Alex and Mary Lou. I whole heartedly recommend Spodek Law Group . I've worked with and have retained other attorneys in the past with Todd's firm being the cream of the crop for many reasons. A very serious legal matter was resolved after a year's hard work and effort. Todd expertly guided me through the process and was able to navigate and make the good journey bearable as well as successful. Mary Lou initially provided excellent assistance before referring my case to Todd. Alex's support was effective and timely. The customer portal (MyCase) is an invaluable communication tool that also kept track of my case. Various aspects of my case were explained and there were several options provided but I made the final decision of how the case would be handled. The legal fee was reasonable considering the effort and amount of work plus it was a flat fee regardless of the length of time required to conclude my case. Todd made himself available to me and we had many scheduled meetings to go over the progress and to discuss the next steps. I felt more confident after many discussions with him. You will not go wrong choosing Spodek Law Group for legal matters.
Josh Katz
Josh Katz
2021-02-24
Verified
Being that it was the first time that I was in need of an attorney, I was afraid and hesitant and knew I needed the absolute best. It is beyond understood why Spodek Law Group has a reputation of being the top, if not the best law firm in New York. Alex and Abigail were there every step of the way even at the most unconvenient hours. I could not have asked for more. They are extremely good at what they do and they delivered much much more than just winning my case. A big thank you to Alex and Abigail for all the guidance and counseling and their upmost loyal support that extended far more than just legally. If you need the absolute best than don't hesitate to hire Spodek Law Firm.
L.C.
L.C.
2021-02-24
Verified
I cannot tell you how thankful I am to Todd and Alex for their hard work and dedication to my case. I had never been in any trouble before but I had an unfortunate event occur and in the midst of COVID-19 at that therefore I knew I needed a team that was dedicated to my success. Today- my case has been finalized and I’m walking away with no record and can continue life as a mother and a Grad student worry free. I cannot express enough gratitude for their assistance.
AnnMarie Soliman
AnnMarie Soliman
2021-02-23
Verified
I received a summons and called Spodek law group for a free consultation. Alex took my call and was very quick and responsive. He was available anytime through multiple platforms and very reassuring when needed. They are extremely organized and thorough. They got my case dismissed! I’m very grateful. Thank you Alex and Todd!

FREE CONSULTATION

Testimonials

Spodek Law Group have offered me excellent support and advice thru a very difficult time. I feel I've dealt with someone who truly cares and wants the best outcome for you and yours. I'm extremely grateful for all the help Spodek Law Group has offered me. I can't recommend them enough.

~ David Bruce

Spodek Law Group was incredibly professional and has given me the best advice I could wish for. They had been helpful and empathetic to my stressful situation. Would highly recommend Spodek Law Group to anyone I meet.

~ Rowlin Garcia

Best service I ever had. Todd is absolutely class personified. You are in the safest hands with spodek. They have their clients interest in mind.

~ Francis Anim

Spodek Law Group

White Glove Service

We provide superior service, excellent results, at a level superior to other criminal defense law firms. Regardless of where your case is, nationwide, we can help you.



Hear From Our Clients

"Spodek Law Group have offered me excellent support and advice thru a very difficult time. I feel I've dealt with someone who truly cares and wants the best outcome for you and yours. I'm extremely grateful for all the help Spodek Law Group has offered me. I can't recommend them..."

David Bruce

"Spodek Law Group was incredibly professional and has given me the best advice I could wish for. They had been helpful and empathetic to my stressful situation. Would highly recommend Spodek Law Group to anyone I meet."

Rowlin Garcia

"Best service I ever had. Todd is absolutely class personified. You are in the safest hands with spodek. They have their clients interest in mind."

Francis Anim
Read Our Reviews
Get In Touch

Schedule Your Consultation

Los Angeles

555 W 5th St 35th floor, Los Angeles, CA 90013

212-300-5196



get directions

Queens

35-37 36th St, 2nd Floor Astoria, NY 11106

212-300-5196



get directions

NYC

85 Broad St 30th Floor, New York, NY 10004

212-300-5196



get directions

Brooklyn

195 Montague St., 14th Floor, Brooklyn, NY 11201

212-300-5196



get directions

Call Us