Page 19 - 期货和衍生品行业监管动态（2023年4月）

期货和衍生品行业监管动态

permanent injunction against further violations of the CEA and CFTC regulations, as

charged.

“When market participants steal non-public information to trade for their personal

benefit, they defraud the sources of the information and gain an unfair advantage,” said

Director of Enforcement Ian P. McGinley. “The CFTC is committed to maintaining the

integrity of our commodities markets, and we will continue to focus on rooting out the
unlawful misappropriation and misuse of confidential information.”

Case Background

The complaint alleges that from approximately December 2021 to April 2022, Xie,

a quantitative trader at a large, multinational corporation, engaged in a fraudulent

scheme to misappropriate material, non-public information from his employer in breach

of a duty to that employer. Xie misused that information to fraudulently and deceptively

enter into trades of feeder cattle futures and options for his personal benefit.

In connection with his role at the company, Xie had access to—and, on many

occasions, himself entered—his employer’s options and futures positions and

associated orders in a number of agricultural commodities, including feeder cattle. In

breach of his duties to his employer and in violation of agreements Xie made not to use

his employer’s confidential business information for personal gain, Xie used material,
non-public information to execute transactions on feeder cattle futures and options

through his personal trading account as a counterparty to his employer. Xie entered into

at least 71 such transactions, which generated a profit to him of approximately $178,075.

In addition, Xie entered many of the transactions on his own behalf within seconds of

entering the employer’s transaction, in a manner constituting fictitious and

noncompetitive trades.

https://www.cftc.gov/PressRoom/PressReleases/8682-23

3. 美国商品期货交易委员会工作人员关于 ICE 欧洲清算所信用违约互换持仓转

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