The Commodity Futures Trading Commission (CFTC) has ordered Gabriel Perez to pay $172,000 for insider trading, stemming from his use of confidential government information for personal gain.
Perez misappropriated material, nonpublic information obtained through his federal employment. He then used this information to trade event contracts, specifically swaps, on a prediction market platform for his personal benefit. The CFTC announced the order, which settles charges against Perez for his illicit activities.