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Commodities trader faces first Dodd-Frank ‘anti-spoofing’ indictment
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Derivatives
Friday, October 10, 2014
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A high-frequency trader was indicted for allegedly manipulating commodities futures prices and illegally profiting nearly $1.6 million as a result of trading orders he placed through CME Group and European futures markets in 2011. The indictment marks the first federal prosecution under Dodd-Frank’s “anti-spoofing” provisions. Read on to learn about the case.
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