This is the first time the CFTC has charged and exchange with violations of these regulations and disclosure of material non-public information.
Director of Enforcement James McDonald commented:
Today’s settlement sends a strong message that the CFTC will work tirelessly to protect our market participants against unlawful disclosures of their confidential information to ensure that the fairness and reliability of our markets are not compromised. Like any other employer, commodity exchanges are responsible for violations of the CEA or CFTC regulations by their officials, employees, and agents within the scope of their employment or office.
The CFTC’s litigation against Eibschutz for his role continues.
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