JPM was trading their own bank’s stock in their own thinly-regulated internal stock exchanges known as Dark Pools.
It simply can’t get any crazier than this — and yet somehow it always does in this unprecedented era.
On June 2, 2014, to stem public outrage over claims of rigged markets, FINRA, the self-regulator and good buddy of Wall Street that conducts Wall Street’s private justice system, began to report publicly the three-week old trading data from the Dark Pools. But instead of providing daily reports with execution times for stock trades included, the data is lumped together for the entire week. That’s makes it a lot harder, if not impossible, to see if there is collusion happening by a banking cartel.
The week of March 16, 2020 was a brutal week for the stock market. The Dow Jones Industrial Average lost a total of 4,011.65 points in that 5-day trading period and a stunning 3,000 of those points came on Monday of that week.
We thought it would be informative to see what the Wall Street banks did in their Dark Pools that week when it came to the plunging price of JPMorgan Chase, which lost 19.6 percent of its stock value that week. Would JPMorgan Chase’s stock value have dropped by even more, had it not been for all those shares bought up by its Wall Street bank pals that week? You decide – because the Securities and Exchange Commission isn’t a bit interested
