CFTC v. Eibschutz (2021)

Settled

Checked against the primary document on October 2, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

Report an error in this record (cftc-eibschutz-2021) by email

In February 2021 a federal court entered a consent order against energy broker Ron Eibschutz for soliciting and receiving non-public customer trade information from NYMEX employees. He is permanently banned from trading and registration and pays a $75,000 penalty.

The record

Structured fields for this action, as recorded in our case library.
Agency	CFTC
Release number	8364-21
Date filed	2021-02-23
Date resolved	2021-02-23
Court	U.S. District Court, Southern District of New York
Status	settled
Asset class	commodities, futures
Venue	NYMEX
Criminal parallel	No
Defendants	Eibschutz (individual)
Techniques

What was ordered

Civil penalty: $75k
Disgorgement: —
Prejudgment interest: —
Total relief: $75k
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Commodity Futures Trading Commission announced the consent order on February 23, 2021 as release 8364-21; the order was entered February 19, 2021.

The order finds Eibschutz solicited and received from NYMEX employees, on many occasions between 2008 and 2010, non-public information about derivatives trading, including counterparties, prices and volumes, and is liable for aiding and abetting the employees' disclosures. The release calls it the first CFTC action against an exchange for disclosure of such information.

The conduct is receiving and encouraging disclosures, not trading on inside information, so the insider-trading tag has been removed.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

Timeline

2021-02-23 CFTC release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Record added September 10, 2026. submit a correction.