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US regulator looks at metal price rigging

Posted on 13 August 2013

US regulators have stepped up their inquiry into claims that metal prices have been artificially inflated by large commodity traders.The Commodity Futures Trading Commission (CFTC) has sent a subpoena to a metals warehousing business requiring it to hand over documents and electronic messages, according to a source cited by Reuters.
Officials are reported to have requested all information linked to trading on the London Metal Exchange since the start of 2010, in what is seen as the potential prelude to a full investigation of the metals market………………………………………..Full Article: Source


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