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CFTC Fines TOTSA $48M Over Market Manipulation Attempts

By Gina Kim ( August 27, 2024, 8:43 PM EDT) -- Swiss energy trader TOTSA will pay $48 million for allegedly trying to manipulate the market for futures contracts linked to a type of refined gas mainly used in automobiles in Europe, the Commodity Futures Trading Commission announced Tuesday, with one commissioner dissenting over "flimsy evidence that is speculative and circumstantial." ...

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