CFTC v. Peter Miller and Omerta Capital LLC (block trade information misuse, 2021)

Settled

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In December 2021 the CFTC sued Peter Miller and Omerta Capital over alleged use of tipped block-trade information. CFTC enforcement update 9168-26 reports a consent order requiring $135,788 disgorgement and a $200,000 penalty, with 18-month trading and registration bans; Miller was separately sentenced to five months in prison.

The record

What was ordered

Civil penalty

$200k

Disgorgement

$136k

Prejudgment interest

—

Total relief

$336k

Alleged gain

$1.5m

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 CFTC announced the complaint on December 10, 2021 as release 8468-21. It alleges that Miller and Omerta received confidential block order information from an energy company trader and traded on it, including non-arm's-length block trades. No technique tag is applied.

Outcome: CFTC enforcement update 9168-26 (January 16, 2026) reports a consent order in the Southern District of Texas under which Miller and Omerta pay, jointly and severally, $135,788 in disgorgement and a $200,000 civil monetary penalty, with 18-month trading and registration bans, a five-year block-trade ban and an injunction. A later CFTC release (9178-26, February 2, 2026) gives the order date as December 22, 2025, which is the date recorded. The update says Miller pleaded guilty in December 2021 and was sentenced in June 2024 to five months in prison plus five months of home confinement, with $135,788 forfeited. Neither release states that the order is a finding after contest; it is a consent order.

Timeline

1. 2021-12-10 CFTC release published
2. 2025-12-22 Consent order entered (CFTC enforcement update 9168-26)

Primary documents

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

• CFTC release
• CFTC order or complaint
• CFTC enforcement update 9168-26 (consent order)
• CFTC release 9178-26 (gives order date)

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.