New FTC rules to curb oil manipulation

FTC issues new rules to curb oil market manipulation effective Nov 4; can levy fines of up to $1M a day against violators - violations include false reports of data, "wash sales" that disguise market
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How much money does GS make a day on crude manipulation?
Maybe they don't mind a $1 million / day fine. **************
No ****, Nov. is a long way off and I am sure nothing is retroactive.
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And also what happens if a computer does the manipulation?
HFT anyone? *************
the FTC doesn't fine goldman.

it's called payola.
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We don't need more rules/ laws we need enforcement.
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It is easy to profit from shill bidding if you know there is always a buyer ... and bribe enforcement to look the other way. Too bad GS can't sell oil on eBay and do the same.