More shenanigans involving pit traders.
http://www.chicagotribune.com/business/chi-biz-cbot-treasury-fraud-april1,0,2743726.story
http://www.chicagotribune.com/business/chi-biz-cbot-treasury-fraud-april1,0,2743726.story
CBOT Traders in $2 million fraud
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Good. Let's see how they like getting f*cked for a change.
Don't complain. This is lightning fast compared to the SEC.
Quote from nazzdack:
It's been nearly, exactly five years since "that day".
Don't complain. This is lightning fast compared to the SEC.
When I took my CBOT member orientation, the spookiest thing that the lecturer told us was that a single violation could potentially be prosecuted by multiple entities: i.e. the CBOT, the NFA, the City of Chicago, Cook County, the State of Illinois and an "alphabet soup" of other federal agencies. The room went dead silent and most everybody turned as white as a ghost.
Quote from nazzdack:
When I took my CBOT member orientation, the spookiest thing that the lecturer told us was that a single violation could potentially be prosecuted by multiple entities: i.e. the CBOT, the NFA, the City of Chicago, Cook County, the State of Illinois and an "alphabet soup" of other federal agencies. The room went dead silent and most everybody turned as white as a ghost.
I had no idea you were a CBOT member Nazz that's pretty cool, did you ever trade on the floor?
thats how REAL traders make $$$ over the Long run.