# CFTC Charges Illinois Resident Gerald J. Considine and His Companies, Novo Trading and Considine Trading, with Fraudulent Solicitation and Misappropriating More than $1.65 Million of Customer Funds

> CFTC release 7018-14 · 2014-09-30 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 7018-14
- **Release date:** 2014-09-30
- **Type:** Fraud
- **Title:** CFTC Charges Illinois Resident Gerald J. Considine and His Companies, Novo Trading and Considine Trading, with Fraudulent Solicitation and Misappropriating More than $1.65 Million of Customer Funds
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7018-14

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 7018-14, "CFTC Charges Illinois Resident Gerald J. Considine and His Companies, Novo Trading and Considine Trading, with Fraudulent Solicitation and Misappropriating More than $1.65 Million of Customer Funds", 2014-09-30. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/7018-14.

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