Is it illegal to artificially break the oil commodities market?
December 26th, 2008
KDdid asked:
One of the main reasons the price of gas at the pump is so high is because of futures trading on the commodities market. If enough people banded together with a few dollars a piece that they were willing to lose on the commodities market, they could have a real effect on the price of gas. Would such action be legal?
FARINELLA
One of the main reasons the price of gas at the pump is so high is because of futures trading on the commodities market. If enough people banded together with a few dollars a piece that they were willing to lose on the commodities market, they could have a real effect on the price of gas. Would such action be legal?
FARINELLA
The possible conspiracy trading fraud and the possible conspiracy trading fraud and price fixing charges and the obvious impossibility of it no.