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USA v. Bases et al

  1. November 19, 2018

    Spoofing Is Not Fraud, Ex-Merrill Lynch Traders Say

    Two former Merrill Lynch traders who were indicted this summer on allegations that they ran a yearslong scheme to "spoof" the precious metals futures market told an Illinois federal judge on Friday that the government's case rests on the "fallacy" that spoofing is a form of fraud.

  2. July 31, 2018

    Ex-Merrill Lynch Traders Say They're Not Guilty Of 'Spoofing'

    Two former Merrill Lynch traders who were indicted earlier this month on charges that they ran a yearslong scheme to "spoof" the precious metals futures market pled not guilty to the government's allegations in Illinois federal court on Tuesday.

  3. July 18, 2018

    2 Ex-Merrill Lynch Traders Indicted On Spoofing Charges

    Two former Merrill Lynch traders were indicted Tuesday on charges they ran a yearslong scheme to manipulate the precious metals futures market through criminal trades known as "spoofing" while working at the bank and other financial institutions.

  4. January 29, 2018

    3 Banks To Pay Combined $47M In CFTC Spoofing Settlement

    Global banking giants Deutsche Bank, UBS and HSBC agreed to pay a combined $46.6 million Monday to settle separate civil allegations by U.S. commodities regulators that their traders engaged in an illegal practice known as spoofing in an effort to manipulate precious metals markets.