CFTC Orders Jon P. Ruggles To Disgorge More Than $3.5 Million In Trading Profits And Pay A $1.75 Million Penalty For His Illegal Futures And Options Trading - Ruggles Misappropriated His Former Employer’s Confidential, Nonpublic Trading Information To Benefit His Personal Trading

The U.S. Commodity Futures Trading Commission (CFTC) today entered an Order filing and settling charges against Jon P. Ruggles of Orlando, Florida, for engaging in fraudulent, fictitious, and noncompetitive trades in crude oil and heating oil futures and options and RBOB gasoline futures on the New York Mercantile Exchange (NYMEX), a division of CME Group, from March 2012 to December 2012. During that time, Ruggles resided and worked in Atlanta, Georgia.