The Commodity Futures Trading Commission announced that the U.S. District Court for the Southern District of Texas entered a consent order against Houston-based Matthew Clark over schemes involving misappropriation of confidential information and directing business in exchange for illegal kickbacks to defraud his employer. The order requires Clark to pay USD 7,709,509 in restitution for his employer’s losses from the kickback scheme and USD 6,532,360 in disgorgement representing Clark’s gains from both schemes, and it permanently bans him from trading and CFTC registration. The consent order resolves all claims the CFTC brought in its February 2022 complaint, following earlier CFTC actions against broker Mathew Webb (settled June 15, 2021) and proprietary trader Peter Miller (consent order entered Dec. 22, 2025). In a related criminal matter, the U.S. Department of Justice charged Clark in February 2022 based on the same conduct; he pleaded guilty and was sentenced in June 2024 to six years and six months in prison and ordered to pay USD 7,709,509 in restitution and USD 6,532,360 in criminal forfeiture.
Commodity Futures Trading Commission 2026-02-02
Commodity Futures Trading Commission secures consent order against Matthew Clark ordering USD 7.7 million restitution and permanent trading and registration ban
The Commodity Futures Trading Commission announced a consent order by the U.S. District Court for the Southern District of Texas against Matthew Clark for misappropriation and kickback schemes, requiring him to pay USD 7,709,509 in restitution and USD 6,532,360 in disgorgement, and permanently banning him from trading and CFTC registration. This resolves all claims from the CFTC's February 2022 complaint, with Clark also facing related criminal charges and a prison term.