WSJ – Moore Capital Management, the veteran hedge-fund firm ensnared earlier this year in a U.K. insider-trading probe, agreed to pay $25 million to settle a regulatory investigation over allegedly manipulative commodity-futures trading two years ago.
The U.S. Commodity Futures Trading Commission said that, between November 2007 and May 2008, Moore failed to supervise a portfolio manager who improperly tried to “exert upward pressure” on futures contract prices tied to platinum and palladium. Moore didn’t admit or deny wrongdoing in agreeing to the penalty announced Thursday.
