Ex-UBS Metals Trader Beats Spoofing Conspiracy Charge
By GCRU Gold News on Wednesday, April 25 2018, 23:56 - Permalink
A former UBS Group AG precious metals trader was found not guilty on Wednesday of scheming to manipulate futures markets through a practice known as spoofing.
The former trader initially faced six additional charges of commodities fraud and substantive spoofing, but those counts were thrown out by U.S. District Judge Jeffrey Meyer, who found they should’ve been brought in Chicago where the alleged illegal trades were executed.