LONDON (Reuters) - A four-year investigation into possible manipulation of the silver market looks likely to be dropped by regulators, the Financial Times reported on Monday.
The newspaper cited three people familiar with the situation as saying the regulator failed to find enough evidence to support a legal case.
The Commodity Futures Trading Commission first announced that it was investigating "complaints of misconduct in the silver market" in September 2008, following a barrage of allegations of manipulation from a group of precious metals investors.
The CFTC five commissioners have not yet formally determined the outcome of the investigation but may drop the case because it doesn't have sufficient evidence, according to people familiar with the situation, cited by the FT.
"The investigation has not reached its conclusion," a CFTC spokesman is quoted as saying by the FT.
(Reporting by Stephen Mangan; Editing by Eric Meijer)
Source: http://news.yahoo.com/four-silver-investigation-may-dropped-ft-010913387--finance.html
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