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US to drop silver manipulation case
(Reuters) - U.S. regulators are set to drop a four-year investigation into the possible manipulation of the silver market after failing to find enough evidence to support a legal case, the Financial Times reported on Sunday, citing three people familiar with the situation.
The Commodity Futures Trading Commission first announced that it was investigating "complaints of misconduct in the silver market" in September 2008 after a group of precious metals investors alleged manipulation, the FT reported.
It said that while the CFTC has not yet formally determined the outcome of the investigation, leaving the possibility that staff could be instructed to dig deeper, the agency does not currently have sufficient evidence to bring a case.
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1 comment:
If it has been dropped it is because the chief manipulator is the US government and its agencies. Not that other governments, including the idiots who run this country (UK) aren't also involved. The FT is a friend of the government/big business nexus.
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