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TMRO Report
United States

CFTC fines ex-White House aide $172,000 for trading on Trump speech info

The CFTC announced a $172,000 fine against a former White House aide for trading on non-public information from Trump's speeches.

By TMRO Staff·1 min read

Key points

  • CFTC fined former White House aide $172,000.
  • Aide used Trump speech info for personal trading.
  • Information was accessed before speeches were delivered.
  • CFTC said trades were for personal benefit.

What happened

The U.S. Commodity Futures Trading Commission (CFTC) announced a $172,000 fine against a former White House aide, identified as Perez, for trading on information from Trump's speeches before they were delivered. According to the CFTC, Perez had access to the speeches and used that information to trade contracts for personal benefit.

Why it matters

This case demonstrates the CFTC's commitment to enforcing rules against trading on non-public information, even when it involves former government officials. It serves as a reminder that such actions can lead to significant financial penalties.

Why it matters

This enforcement action underscores the CFTC's scrutiny of trading based on non-public information, particularly involving government officials. It highlights the legal risks of using privileged access for personal financial gain.

Sources

TMRO Report writes original coverage based on the material listed above.