Spoofing, Fraud Charges Dropped in Ex-UBS Trader Case‎

[kreslik.news]

A Connecticut federal judge dropped three spoofing and three commodities fraud counts against former UBS trader Andre Flotron who was accused of trying to manipulate the precious metals futures market through the use of a trading tactic known as “spoofing.”

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U.S. District Judge Jeffrey Alker Meyer axed fraud counts facing the ex-banker and blasted the authorities for mishandling the evidence to move his case to Illinois.

The complaint, filed last year in federal court in Connecticut, alleges that Flotron and unidentified co-conspirators devised and executed schemes to defraud ... (read more)