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U.S. said to investigate Chicago trader as spoof probes broaden
Fderal prosecutors are investigating whether a Chicago trader placed fake orders in an attempt to manipulate prices, said two people familiar with the matter, as the Justice Department broadens its effort to police the $30 trillion U.S. futures market. A grand jury is hearing testimony in Chicago about commodities-market manipulation and in particular about the actions of Igor Oystacher, one of the people said. This comes on top of a regulatory probe and concerns raised in the past year by two exchanges about Oystacher, the co-founder of proprietary trading firm 3Red. Oystacher couldn't be reached through telephone ... (full story)