Action against Defendant, a Treasury note trader, for alleged fraud in connection with trading in 10-year U.S. Treasury note futures options. According to the CFTC, Defendant inflated the value of his purchased options in order to receive larger profit shares from his employer. Defendant has agreed to pay $13,981,478 in restitution and $855,000 in civil penalties. Defendant has plead guilty in a parallel criminal proceeding.

CFTC Press Release

CFTC Order