Ex-Scotia Capital, Bear Stearns metals trader pleads guilty, will cooperate in 'spoofing' probe
A former Scotia Capital and Bear Stearns trader pleaded guilty and admitted manipulating precious metals futures markets for nine years, the latest in a series of crackdowns on so-called spoofing trades.
Flaum during his guilty plea admitted that from approximately June 2007 and July 2016 he "placed thousands of orders to manipulate the prices of gold, silver, platinum and palladium futures contracts," according to the Justice Department. Scotia Capital declined to comment when contacted by CNBC. Flaum did not immediately respond to a request for comment.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Read more »
'Big Brother' Blowout on 'Ex on the Beach' When Elena Confronts Mark for Allegedly Cheating (Exclusive)Things get HEATED after the other woman shows up in the house (via toofab)
Read more »
Ex-Flynn business partner convicted of illegal lobbyingA jury on Tuesday convicted a one-time business partner of former national security adviser Michael Flynn on charges he illegally acted as a Turkish agent when he and Flynn undertook a project to discredit an exiled cleric wanted by Turkey&39;s government. Bijan Kian was convicted on charges of conspiracy
Read more »
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Read more »
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Read more »
France's Macron congratulates Boris Johnson, as ex-minister warns 'EU not for turning'French President Emmanuel Macron and future head of the European Commission Ursu...
Read more »