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Proprietary trading firm Arab Global Commodities DMCC (AGC) has just settled spoofing charges with the Commodity Futures Trading Commission (CFTC). The CFTC action centered on spoofing activity carried out by one of its employees engaging in copper futures trading during 2016.
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The charges focused on a trader at Dubai-headquartered AGC, who had been accused of spoofing copper futures contracts traded on the Commodity Exchange, Inc. (COMEX). Between March and August 2016, the trader had been engaging in ... (read more)