Live Breaking News & Updates on Commission Should Discontinue

<p><span>The Commission brought a civil enforcement case connected to a criminal insider trading conspiracy in natural gas markets referred to as the Classic Energy cases.&nbsp; The follow-on CFTC civil case is against co-conspirator, and former Classic Energy broker Lee Tippett, who awaits sentencing after his criminal conviction for conspiracy to commit honest services wire fraud and commodities fraud.&nbsp; I supported the Commission&rsquo;s enforcement action against the defendant.&nbsp; However, I did not support settling that action prior to an upcoming trial in this case against another defendant where the Commission may require the defendant&rsquo;s cooperation, and prior to his sentencing.&nbsp; Nor did I support any language in the settlement that allows the defendant to escape admitting to all of his wrongdoing, given that he played a part in a massive criminal scheme.</span></p> ....

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