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APR 09, 2013 - MarketWatch

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CFTC reportedly probing derivatives benchmark

MADRID (MarketWatch) -- The Commodity Futures Trading Commission is reportedly probing potential manipulation of interest-rate contracts by traders and brokers across Wall Street, The Wall Street Journal and Financial Times both reported. Citing people familiar with the agency's investigation, the WSJ said late Monday that officials from the CFTC have issued "multiple subpoenas" to banks and brokers who take part in setting of a benchmark daily rate that is set by a group of banks, those people said. The FT reported Tuesday that subpoenas were issued to participants including interdealer ... Read More

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