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CFTC puts metals warehouses on notice of possible probe

Posted on 22 July 2013

The U.S. commodities market regulator has put Wall Street banks and other big traders on notice for a possible investigation of their metals warehousing businesses following years of complaints about inflated prices.
The U.S. Commodity Futures Trading Commission (CFTC) last week sent a letter to firms ordering them to preserve emails, documents and instant messages from the past three years, two sources who received the letters told Reuters. The notice amounted to a “warning shot” ahead of what is probably a formal CFTC probe, one of the sources said………………………………………..Full Article: Source


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