New York Court Imposes $500,000 Fine and Other Sanctions Against David P. Lee, Former Natural Gas Trader for Bank of Montreal

Washington, DC — The Commodity Futures Trading Commission (CFTC) announced that it has entered into a consent order settling charges brought against David P. Lee of New Jersey, a former trader for the Bank of Montreal (BMO), for mis-marking and mis-valuing BMO’s natural gas options book and deceiving the bank (see CFTC Press Release 5571-08, November 18, 2008).

Read more: U.S. Commodity Future Trading Commission