NYMEX, Ex-Staffers To Pay $4M CFTC Fine In Info Leak Case

By Al Barbarino (August 4, 2020, 10:33 PM EDT) -- The New York Mercantile Exchange and two former employees must pay a $4 million civil penalty stemming from 2013 accusations from the U.S. Commodity Futures Trading Commission that the duo repeatedly disclosed material nonpublic information to a broker, a New York district court judge ruled.

The order from Judge Vernon S. Broderick on Monday also bans William Byrnes and Christopher Curtin, former employees who facilitated customer transactions for the commodities exchange, from trading commodity interests and registering with the CFTC.

In line with a February 2013 complaint from the CFTC, Broderick concurred that between 2008 and 2010, Byrnes and Curtin "willfully...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!