NYMEX Workers Leaked Customer Trade Info, CFTC Says

Law360, New York (February 21, 2013, 6:15 PM EST) -- The U.S. Commodity Futures Trading Commission on Thursday sued derivative exchange operator New York Mercantile Exchange Inc. and two former employees who allegedly passed confidential information about customer trades to an unnamed broker.

William Byrnes and Christopher Curtin violated confidentiality rules by disclosing information about the identities and trading activities of customers who use NYMEX’s ClearPort platform to clear their futures and options trades, the CFTC said in a New York federal court complaint. NYMEX is owned by CME Group Inc.

The information was not available...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.