Posts Tagged ‘futures’

Man guilty of unauthorized futures trading; faces $1M fine

by Associated Press Published: December 12,2012

Tags: bench, commodity, court, crime, criminal, fraud, fraudulent, futures, guilty, judge, judicial, judiciary, justice, plea, trade, trading

OLIVE BRANCH — A Mississippi man has pleaded guilty to making unauthorized wheat futures trades through the Chicago Board of Trade causing MF Global Inc. to lose $141 million. Federal officials in Chicago said 44-year-old Evan Brent Dooley of Olive Branch entered the plea to commodities trading violations. Authorities say he made large, unauthorized overnight [...] [...]

Cotton prices take tumble

by Associated Press Published: January 20,2010

Tags: agriculture, futures

NEW YORK — Cotton futures No. 2 closed $1.75 to $2.30 a bale lower Tuesday. The average price for strict low middling 1 & 1-16 inch spot cotton declined 32 points to 65.67 cents a pound Tuesday for the seven markets, according to the Market News Branch, Memphis USDA. [...]

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