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Trader incurs $335,000 fine for prearranged energy trades

An aerial view of the Cheniere Energy liquefied natural gas plant in Port Arthur, Texas.
Photo: Brandon Bell/Getty Images

Alexander Barzacanos

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A Florida man and his firm were fined and received trading bans arising from a fictitious natural gas block-trade scheme.

The CFTC reported in a press release that the US District Court for the Southern District of Texas entered a consent order against stockbroker Peter Miller of Miami, Florida, and his firm, Omerta Capital, over a scheme that involved taking tips on confidential block trade order information, entering into pre-arranged

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