View full page at forexfactory.com

 

Two Traders Sued for ‘Spoofing’ on Gold and Silver Futures

From bloomberg.com

Two traders from the United Arab Emirates were sued by U.S. regulators over claims they were “spoofing” gold and futures markets by placing bids and offers they intended to cancel before execution. Heet Khara and Nasim Salim, suspended for 60 days by CME Group Inc. last week, should be permanently barred from trading and fined from their illegal profits, the U.S. Commodity Futures Trading Commission said Tuesday in a complaint in Manhattan federal court. The practices they are accused of are similar to those in the case against Navinder Singh Sarao, the British trader facing U.S. charges for allegedly manipulating ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News