CFTC Charges CME and Two Former Employees with Disclosing Material Nonpublic Information about Customer Trades

The CFTC filed an enforcement action charging the New York Mercantile Exchange, Inc. ("CME NYMEX"), and two former CME NYMEX employees, with violating the Commodity Exchange Act and CFTC Rules through the repeated disclosures of material nonpublic customer information to an unauthorized outside commodity broker. According to the complaint, the nonpublic customer information which was unlawfully disclosed included details of "recently executed trades, the identities of the parties to specific trades, the brokers involved in trades, the number of contracts traded, the prices paid, the structure of particular transactions, and the trading strategies of market participants[.]"

See: Complaint: William Byrnes, et al.See also: CME Group Statement in response to CFTC Complaint.