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Commodity regulator says trader caused $118 mln loss

Posted on 09 November 2012

A commodities trader was accused in a lawsuit by U.S. regulators of concealing the size of his positions in violation of anti-fraud laws and causing losses of $118 million.
The trader, Matthew Marshall Taylor, in 2007 fabricated trades in a New York-based futures commission merchant’s internal system and obstructed his employer’s discovery of his position, risk and profits and losses, the U.S. Commodity Futures Trading Commission said in a complaint today in federal court in New York………………………………………..Full Article: Source

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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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