When I spoke with the NFA enforcement attorney earlier this year, he mentioned that the problem was fairly prevalent in those days. Evidently, there were numerous investigations of money managers at that time who were, quite curiously, racking up winnings in their own private accounts while simultaneously disappointing managed money clients. Apparently, it was quite de rigeur among the unscrupulous operators of that period because of the lax time stamp issue at the time. Collusion was difficult to prove because the paper trail was created by the two foxes in the hen house -- the money manager and the broker. Of course, Larry would never do such a thing even though, as luck would have it, he left the same snail trail. But life is full of coincidences, right?
Time stamps are much more rigorously enforced these days. On a completely unrelated note, I wonder if Larry will enter another contest again any time soon.
