US fines rice traders over big positions amid rally
The CFTC imposed total fines of $2 million on two traders for excessive speculation in U.S. rice futures as prices raced to all-time highs in 2008. The action puts a spotlight on whether speculative trading fuels commodity prices just as the cost of food, oil and metals once again rallies.
Publication
Reuters
Date
January 26, 2011
Cross References
Dodd-Frank Act, Title VII, Sec. 737