CHICAGO, Sept 29 The U.S. Commodity Futures
Trading Commission on Thursday penalized a former Delta Air
Lines fuel trading executive $5.25 million over futures
and options trades the agency said were illegal.
The CFTC ordered Jon Ruggles, who was formerly a vice
president of fuel management for Delta, to give up $3.5 million
in trading profits and pay a $1.75 million fine. It also
permanently barred him from trading, after exchange-operator CME
Group Inc banned him in June.
(Reporting by Tom Polansek; Editing by Bernadette Baum)