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  4-Oct-14, 06:39   #1
Dan Shak banned from trading 0 
Sorin888 
Joined: Apr '11
Location: Romania
Age: 51 (M)
Posts: 2375
Trader and poker player Dan Shak is now officially a poker pro, with the news that he has been banned from trading.
Shak is accused of trading in gold contracts he was serving a two-year ban for, and now the Commodity Futures Trading Commission want to ban him for life.
His lawyer David Kovel commented to Bloomberg that:
“It was a minor, minor, minor infraction. Yet they are treating him like a criminal.”

     
  4-Oct-14, 16:34   #2
  0 
klash23 
Joined: Mar '12
Location: United Kingdom
Age: 38 (F)
Posts: 2243
It seems he has been in trouble on a number of occasions,at one point his hedge fund had control of 10% of the US gold futures.
The hedge fund was only worth 10 million dollars and yet he traded on 850 million dollars of gold contracts which obviously raised a few eyebrows and before then he was in trouble for manipulating oil prices.
I wonder if those were minor,minor infractions as well. Smile

     
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