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Victory Asset and Michael D Franko to pay $2.3m CFTC penalty over spoofing scheme

(Hedgeweek) The Commodity Futures Trading Commission (CFTC) has issued two orders filing and settling charges against Victory Asset (Victory) and Michael D Franko for spoofing – bidding or offering with the intent to cancel the bid or offer before execution – and the use of a manipulative scheme.

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