The Commodity Futures Trading Commission has settled charges against a former New York Mercantile Exchange compliance department clerk for passing along information about investigations and regulatory actions to NYMEX floor brokers.

The CFTC issued an order permanently prohibiting the former employee, Alvin Perez, from working for an exchange or any other firm required to be registered with the CFTC. Perez was charged with disclosing to NYMEX floor brokers material non-public information regarding investigations and proposed regulatory actions, which he obtained in his capacity as a NYMEX employee.

The CFTC action resulted from a joint CFTC cooperative enforcement investigation with the New York County District Attorney’s Office of abusive trading practices on the NYMEX. In a related matter, Perez pled guilty to the state crime of commercial bribe receiving in the second degree for the same underlying conduct, for which the NYCDAO has recommended a sentence of probation, the CFTC said.