JPMorgan admits spoofing by 15 traders, two desks in record deal5 min read 30 Sep 2020, 11:43 AM IST
Over eight years, 15 traders at the biggest US bank caused losses of more than $300 million to other participants in precious metals and Treasury markets
JPMorgan Chase & Co. admitted wrongdoing and agreed to pay more than $920 million to resolve U.S. authorities’ claims of market manipulation involving two of the bank’s trading desks, the largest sanction ever tied to the illegal practice known as spoofing.
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