Nymex sued for secret info leaks

The Commodity Futures Trading Commission is suing the New York Mercantile Exchange, and two former employees, for allegedly passing along secret customer trading information to an external broker, ft.com reports.

“The CFTC alleges that from early 2008 until November 2010 William Byrnes and Christopher Curtin, the former employees on CME ClearPort Facilitation Desk, provided a broker with order flow information, including ‘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,’” the report says.

Read more here:

Also read:

Don’t lose client data

Business success depends on privacy protection

Google trading halts after Q3 earnings leak

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.