WASHINGTON — The Commodity Futures Trading Commission announced today the following enforcement update.

The U.S. District Court for the Southern District of Texas entered a consent order against Matthew Clark of Houston for misappropriation of confidential information and directing business in exchange for illegal kickbacks in schemes to defraud his employer.

Under the order, Clark must pay $7,709,509 in restitution, representing his employer’s losses from the kickback scheme, and $6,532,360 in disgorgement, representing Clark’s gains from both schemes. The order also permanently bans Clark from trading and CFTC registration.

The consent order resolves all claims the CFTC brought against Clark in the complaint filed in February 2022 [See CFTC Press Release No. 8490-22].

The CFTC previously charged and settled with a broker, Mathew Webb for his role in the misappropriation of information and kickback schemes on June 15, 2021 [See CFTC Press Release No.8396-21]. The U.S. District Court for the Southern District of Texas entered a consent order against Peter Miller, a proprietary trader, for his participation in the misappropriation scheme on Dec. 22, 2025 [See CFTC Press Release No.9168-26].

In a related criminal case, the Department of Justice charged Clark in February 2022 with conspiracy to commit honest services wire fraud, insider trading, and prohibited commodities transactions based on the same conduct alleged in the CFTC’s complaint. [United States v. Matthew Clark, No. 4:22-cr-00055 (S.D. Tex. Feb. 3, 2022)]. Clark pleaded guilty and, in June 2024, was sentenced to six years and six months in prison and ordered to pay $7,709,509 in restitution and $6,532,360 in criminal forfeiture.