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Misconduct rife in derivatives: ex-regulator
Much goes undetected by US commodity futures watchdog due to lack of sophisticated software and staff
Mr Goelman says there is much more manipulation, insider trading and Ponzi scheming in the markets than is being prosecuted.
PHOTO: REUTERS
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...
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