<p><span>One of the Commission’s core functions is to ensure that derivatives markets have integrity and that there is no market manipulation and excess speculation that can artificially increase prices. This function is particularly important since the pandemic, when families have faced hard choices at the grocery store given increased costs of food. In order to prevent excessive speculation, the Commission requires limits on trader positions—limits set by exchanges, and enforced against market participants. Brokers (referred to as futures commission merchants (FCMs)) serve as critical gatekeepers in preventing excessive speculation.</span></p>
A cattle rancher in Washington sentenced to prison for defrauding Tyson Foods Inc. out of 244 mil charging victim companies for purported costs of feeding hundreds of thousands of cattle did not exist. Cody Allen Easterday 51 of Mesa, used his company, Easterday Ranches Inc.
WASHINGTON (Sputnik) - A Washington State cattle rancher has been sentenced to 11 years in prison for concocting a plan to defraud two meat companies of more. 05.10.2022, Sputnik International