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Dirty Spekulants get a slapped wrist

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    Dirty Spekulants get a slapped wrist

    I'll get this one in before AtW posts a long extract from the Grauian or sumfink.


    Washington, DC — The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing and simultaneous settlement of charges against ConAgra Trade Group, Inc. (CTG) for causing a non-bona fide price to be reported in the New York Mercantile Exchange, Inc. (NYMEX) crude oil futures contract on January 2, 2008.

    The CFTC order imposes a $12 million civil monetary penalty on CTG. The order also requires CTG to cease and desist from further violations and to take certain steps to improve its compliance and ethics program.
    Sminki
    How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

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    "We hang the petty thieves and appoint the great ones to high office" - Aesop

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