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US bans insider trading on official commodities data

Source: Financial Times, 22nd July 2010

One of the most notorious insider trading scandals to hit commodities markets involved a dealer, a government bureaucrat and a window blind. The year was 1905. The trader, Louis Van Riper, was in cahoots with a US Department of Agriculture statistician who raised or lowered a window blind at department headquarters to signal estimates of cotton acreage before their official release.



Read the full article on FT.com
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