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The Commodity Futures Trading Commission issued an Order filing and simultaneously settling charges against Merrill Lynch Commodities, Inc., a provisionally registered swap dealer, for spoofing, manipulation, and attempted manipulation over a six-year period with respect to certain precious metals futures contracts traded on the Commodity Exchange, Inc. The CFTC imposed monetary sanctions totaling approximately 25 million, including a civil monetary penalty of 11.5 million, over 2.3 million in restitution, and disgorgement of 11.1 million. The restitution and disgorgement amounts were credited against a 25 million parallel criminal settlement with the Justice Department (see separate # entry...View all