Whistleblowers who assisted the U.S. government in prosecuting a scheme within Deutsche Bank to manipulate the price of precious metals futures contracts are entitled to share in a $30 million penalty the German bank has agreed to pay. The Commodity Futures Trading Commission (CFTC) said that certain Deutsche Bank precious metals traders engaged in a scheme to manipulate the price of precious metals futures by spoofing—an illegal and deceptive trading practice of “bidding or offering with intent to cancel before execution,” according to the Dodd-Frank Act. According to the CFTC, the Deutsche Bank traders engaged in the spoofing scheme from at ... Read More
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