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CFTC: Federal Court Orders UAE Residents Heet Khara And Nasim Salim To Pay Combined Civil Monetary Penalties Of $2.69 Million For Spoofing In The Gold And Silver Futures Markets

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The U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal court in New York issued a Consent Order imposing a permanent injunction against CFTC Defendants Heet Khara and Nasim Salim, residents of the United Arab Emirates (UAE), prohibiting them from engaging in spoofing in violation of the Commodity Exchange Act.

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