Saturday, December 5, 2020

Tag: Another Failed Effort At Regulation – Craig Hemke (02/10/2018)

Another Failed Effort At Regulation – Craig Hemke (02/10/2018)

by Craig Hemke, Sprott Money:

Late Monday, the Commodity Futures Trading Commission (CFTC) levied a fine against Canada’s Bank of Nova Scotia for “spoofing” in gold and silver futures markets.

Here’s a link from Reuters with details: https://www.reuters.com/article/bank-nova-cftc/upd…

First of all, what is “spoofing”? Here are two links that may help. One is from Wikipedia, and the other is from Bloomberg:

• https://en.wikipedia.org/wiki/Spoofing_(finance)

• https://www.bloomberg.com/quicktake/spoofing

From the Wikipedia page, here’s a brief summary: