Good news!
"... for using advance knowledge of President Trump’s speeches to place bets."
"... The settlement with the Commodity Futures Trading Commission, announced Friday [8/28/2026], also dealt Gabriel Perez a three-year trading ban. Perez was placed on unpaid leave from his job at the White House after it was determined he used his position to make bets on what President Trump would say in speeches, two sources familiar with the matter told CBS News last month. ..."
"... A Kalshi spokesperson told CBS News in July that the company investigated Perez's trading activity after its surveillance systems detected trades that didn't adhere to typical buying and selling patterns. Kalshi froze Perez's account, locking more than $90,000 in profits he made on the platform, the spokesperson confirmed.
After completing its investigation, Kalshi referred the case to the CFTC. The Kalshi spokesperson said the company has been working with the CFTC for months. ..."
"... Under the order, Perez must disgorge the profits he made from his unlawful trading totaling $107,539.02 and pay a civil monetary penalty of $65,000, representing a substantial discount under the Division of Enforcement’s new cooperation advisory because of Perez’s exemplary cooperation with the CFTC. Perez agreed to cease and desist from further violations of the Commodity Exchange Act and CFTC regulations. Under the order, a three-year trading ban is imposed on Perez. ..."
CFTC Orders Gabriel Perez to Pay $172,000 for Insider Trading of Mention Market Event Contracts (official news release)
No comments:
Post a Comment