Crime and NO Punishment....................from Rico

Caught "rigging" FX and bullion? Running the stops on your own clients for fun and profit?

Here is your punishment:
- FINMA ...to limit bonuses for traders of foreign exchange and precious metals to 200 percent of their base salary for two years.

You can't make stuff like this up!

From the morning's Gold and Silver charts, it looks like this was about as effective as a 'strongly worded' letter from the UN.

But come on!
- The only less serious consequence would have been to double those bonuses, but we can rest easy knowing that base salaries will be adjusted upward to keep the traders happy and making money for their respective banks.