The biggest index used by Wall Street to gauge stock market volatility, known as the Cboe Volatility Index or VIX, is being manipulated, causing wild market swings and costing investors hundreds of millions of dollars a month, an anonymous whistleblower has warned the Securities and Exchange Commission (SEC). The whistleblower, a senior executive who worked at many of the largest investment firms in the world, made the allegations in a letter to the SEC and the Commodity Futures Trading Commission (CFTC) sent by a Washington D.C. law firm. According to USA Today, the whistleblower alleges that the market manipulators are ... Read More
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