| 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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