You are here

SUBSCRIBERS

Misconduct rife in derivatives: ex-regulator

Much goes undetected by US commodity futures watchdog due to lack of sophisticated software and staff

BT_20170327_NAHFUTURES27_2809406.jpg
Mr Goelman says there is much more manipulation, insider trading and Ponzi scheming in the markets than is being prosecuted.

New York

A "MASSIVE amount of misconduct" in futures, options and swaps markets goes undetected because of insufficient data mining, Aitan Goelman, who until last month was enforcement chief for the top US derivatives regulator, said in an interview.

Mr Goelman said a lack of...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes