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bar1080

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bar1080

Re: surfkast post# 202386

Wednesday, 08/10/2022 6:40:47 PM

Wednesday, August 10, 2022 6:40:47 PM

Post# of 222245
"Ex-JPMorgan Traders Convicted in Federal Fraud Trial"

"A federal jury in Chicago convicted two former traders of JPMorgan Chase & Co.’s precious metals desk who had been charged with manipulating gold prices, finding they used misleading orders to rig prices. The convictions are the capstone of a seven-year Justice Department campaign to punish a style of deceptive trading in futures markets known as spoofing. The rapid-fire strategy was prevalent at some Wall Street banks before Congress outlawed spoofing in 2010, and persisted even after its prohibition, according to prosecutors."

https://finance.yahoo.com/m/c279a290-f943-3768-a642-24cdfbb83e8d/ex-jpmorgan-traders-convicted.html

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