CFTC Press Release: CFTC Charges Puerto Rico Resident and His Firm for Misappropriation of Nonpublic Information and Fictitious Trading
Source: cftc.gov Washington, D.C. 3-4 minutes Release Number 8468-21 December 10, 2021 — The Commodity Futures Trading Commission announced today that it has filed a civil enforcement action in the U.S. District Court for the Southern District of Texas against Peter Miller , a resident of San Juan, Puerto Rico, and his firm Omerta Capital LLC . The complaint charges the defendants for receiving tipped confidential block trade order information belonging to an energy company from a trader at that company, and in turn trading on the basis of this information, including entering into non-arm’s length, fictitious block trades in natural gas futures on the basis of this information, in violation of the Commodity Exchange Act