it was a pre-arranged trade imo
Pre-arranged Trading
What Does Pre-arranged Trading Mean?
Trading that occurs between brokers through an expressed or implied agreement or understanding.
Prearranged trading is illegal under the Commodity Exchange Act and CFTC regulations because it may create an unfair market for other brokers and investors. For example, a commodity dealer might use pre-arranged trading to carry out risk-free trades at predetermined prices rather than at market prices to gain a tax advantage, thus limiting the market for other investors.
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