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Commodities manipulators, the eyes of government are upon you (from now on)

Posted on 01 August 2013

United States regulators the Commodity Futures Trading Commission and the Securities and Exchange Commission plan to look more closely at banks’ commodities holdings in an effort to ensure the banks are not manipulating those markets.
According to a report by Bloomberg, CFTC Chairman Gary Gensler and SEC Chairman Mary Jo White both told the US Senate Banking Committee that their agencies have the authority to investigate those businesses. Senator Sherrod Brown, a Democrat from Ohio, has led the latest round of questions about banks’ activities, in particular focusing on Goldman Sachs and how it may have unfairly manipulated aluminum prices, as described by Doug Buchanan of Columbus Business First………………………………………..Full Article: Source


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