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The customer incurred a loss of approximately $15,500 on the wash trade, including $4,000 in commissions.
Included in the acquisition are the Ocean Wash trade name, formulated products and patents for the use of enzymes to achieve a "stone-washed" effect on denim and other cotton leisure wear.
On a related point, FERC notes that its recently enhanced monitoring and surveillance capabilities have detected trading anomalies that were tied to various forms of market manipulation, including:imited risk or riskless combinations of trades to enhance the value of a position or portfolio, such as wash trades,repetitive, uneconomic physical trading or flows to benefit a position,trading to affect the formation of an index price,withholding physical generation to benefit a financial and/or physical position; and using virtual bids to benefit a financial and/or physical position.