New Rule Approved to Curb Trading Fraud:...
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From Times Staff and Wire Reports
New Rule Approved to Curb Trading Fraud: The Commodity Futures Trading Commission, the federal agency that regulates futures trading, unanimously approved a rule aimed at preventing commodity brokers from cheating customers by fabricating records. The rule was prompted by last year’s FBI sting operation at two major Chicago exchanges, which resulted in the indictment of 48 people. On Wednesday, federal prosecutors expanded the charges against 29 of the traders.
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