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Former MF Global Broker Charged Over Alleged Manipulation Attempts

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The U.S. Commodity Futures Trading Commission (CFTC) has announced that it filed a federal court action in the Southern District of New York charging Joseph F. Welsh III, of Northport, N.Y., with attempted manipulation of the prices of palladium and platinum futures contracts, including the settlement prices, traded on the New York Mercantile Exchange (NYMEX).

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