High frequency trader fined more than $3m by regulators

BBC 22 July 2013-07-23

Financial regulators in the UK and US have fined a high frequency trader and his firm more than $3m (£1.95m) for manipulating commodities markets.

The UK's Financial Conduct Authority (FCA) fined Michael Coscia $903,176, while two US regulators levied the rest on him and his company, Panther Energy….

It is the first time the FCA has taken action against a high