J.P. Morgan to be fined $1B per Bloomberg!
Posted: Thu Sep 24, 2020 3:28 am
This has the potential to be a really big story...
J.P. Morgan is going to be fined $1 BILLION for spoofing (not spooking, but spoofing) the metals markets per Bloomberg, which said they had three sources. In a recent matter Merrill Lynch (owned by Bank of America for over a decade) was fined $25 million, a mere pittance compared to JPM.
This is basically another way of saying market manipulation.
If someone could post a link, that would be great- I’m on an iPhone and nowhere near my home PC at this time.
J.P. Morgan is going to be fined $1 BILLION for spoofing (not spooking, but spoofing) the metals markets per Bloomberg, which said they had three sources. In a recent matter Merrill Lynch (owned by Bank of America for over a decade) was fined $25 million, a mere pittance compared to JPM.
This is basically another way of saying market manipulation.
If someone could post a link, that would be great- I’m on an iPhone and nowhere near my home PC at this time.