ML-Implode News - Wall Street Traders May Be Front Running Fannie Mae And Freddie Mac, FBI Reportedly Suspects

``Front running occurs when someone with advance knowledge of another market participant's plan to make a sizable transaction puts an order in first, often profiting from a market move that can occur once the big trade has gone through.
The FBI bulletin is the latest indication that officials are concerned that traders are manipulating financial markets. U.S. and European authorities have fined 10 banks around $6 billion for allegedly manipulating the London Interbank Offered Rate, or LIBOR, and other interest rate benchmarks, and authorities are actively investigating comparable behavior in the foreign exchange market.''

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Wall Street Traders May Be Front Running Fannie Mae And Freddie Mac, FBI Reportedly Suspects