August 04, 2020
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.
February 16, 2017
New York Mercantile Exchange Inc. told a New York federal court on Wednesday that the Commodity Futures Trading Commission failed to prove it is vicariously liable for two former employees passing confidential trading information to a broker, saying there is no proof that the information was material or shared with bad intent.
October 01, 2014
A New York federal judge said Tuesday that the New York Mercantile Exchange Inc. must face a regulator's lawsuit that claims two former employees passed confidential trading information to a broker, finding the derivative exchange operator can be held liable under the Commodities Exchange Act.