CFTC warns on Katrina

19 Sep 2005

Commodity Futures Trading Commission (CFTC) has issued a warning to investors against the likelihood of commodity derivatives scams in the wake of the devastating hurricane Katrina, which caused massive damage to supply lines for...

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“At the highest level of economic motivation for their actions and most generous interpretation of them, they are trying to influence prices in a way that benefits mankind and they should be considered heroes for it.”

John Lothian on speculators in the commodity markets.