platinum market manipulation
botanist
Posts: 524 ✭✭✭
Has anyone been following the news about platinum (and palladium) market manipulation by traders working for Moore Capital Management, for which MCM was fined $25,000,000 this year? It was again on the front page of the Wall Street Journal this last Friday August 20th when it was revealed that at least one of the traders was a person named Christopher Pia, who was involved in the manipulations in late 2007 and 2008. He left MCM and opened his own hedge-fund trading firm since then.
Among my questions are: Since MCM was fined 25 million bucks, how much did they make by their manipulations? What was their modus operandi? What effect did it have on persons who were buying or selling platinum coins such as eagles?
Among my questions are: Since MCM was fined 25 million bucks, how much did they make by their manipulations? What was their modus operandi? What effect did it have on persons who were buying or selling platinum coins such as eagles?
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