CFTC to Probe Speculator Role in Commodity PricesThe Commodities Futures Trading Commission will be looking at the role of speculators in recent volatile commodities pricing, Commissioner Bart Chilton told CNBC Friday.
"We’re not price setters but we’re supposed to make sure these markets are efficient, that they’re effective, and they’re devoid of any fraud, abuse or manipulation, and I get particularly concerned about that last one, manipulation," he said. He said speculators won't be the sole focus of the probe. More inc video................
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