Page 611 - 《期货和衍生品行业监管动态》（2022年合集）

期货和衍生品行业监管动态

“The CFTC will vigorously pursue and take action to stop corruption among
brokers and other intermediaries that facilitate trading in the derivatives markets,

whether they are making illegal kickback payments or misappropriating nonpublic

information,” said Acting Director of Enforcement Gretchen Lowe. “Today’s action

demonstrates that the CFTC is committed to taking action against all individuals who

engage in such conduct.”

Case Background

According to the order, at Clark’s request, Classic hired Tippett as a broker in

November 2015 for the purpose of facilitating kickback payments to Clark. Tippett

was a longtime associate of Clark and had no experience as a broker prior to being

hired by Classic. As part of this kickback scheme, Tippett would broker natural gas

futures block trades for Clark’s employer, but would pay most of the commission
income he earned on these trades back to Clark in exchange for Clark sending more

brokerage business to Classic. Beginning on or around November 23, 2015, and
continuing through August 2019, Tippett paid Clark approximately $3,185,775, and

kept $695,000 of this commission income for himself. According to order, Tippett

concealed these payments to Clark in a variety of ways, including by sending cash

directly to Clark’s family members or by transferring money to shell companies set up

by Clark. Tippett admits the facts of this misconduct and acknowledges this conduct

violated the Commodity Exchange Act (CEA).

In addition, the order finds Tippett engaged in a scheme to misappropriate

confidential block trade order information from Classic’s brokerage customers.

Tippett did so by disclosing certain block trade order information provided to him by

a trader acting at Clark’s direction. The information was disclosed to Peter Miller, an

individual proprietary trader. Miller in turn traded on the basis of this information and

shared his trading profits with other scheme participants, but not Tippett. The CFTC
previously filed complaints against Clark and Miller for their roles in this scheme.

[See CFTC Press Release No. 8490-22] [See CFTC Press Release No. 8468-21]

528
回 到 首 页 回 到 目 录