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Two UAE traders sued for 'spoofing' gold, silver futures

US regulators claim they placed bids and offers they intend to cancel before execution
Thursday, May 7, 2015 - 05:50

New York

TWO traders from the United Arab Emirates were sued by US regulators over claims they were "spoofing" gold and futures markets by placing bids and offers they intended to cancel before execution.

Heet Khara and Nasim Salim, suspended for 60 days by CME Group Inc last week