Traders Spoofed Market To 'Rip Off' Others, Ill. Jury Hears

By Lauraann Wood (July 20, 2021, 8:37 PM EDT) -- Two former Merrill Lynch traders manipulated the precious metals market using a scheme to fake the impression of market supply and demand to execute genuine trades at more favorable prices and "rip off" other traders in the market, prosecutors told an Illinois federal jury as a trial opened Tuesday....

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