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 to be fined $1B per Bloomberg!
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J.P. Morgan to be fined $1B per Bloomberg!
by Recyclersteve » Thu Sep 24, 2020 3:28 am
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: J.P. Morgan to be fined $1B per Bloomberg!
by Lemon Thrower » Thu Sep 24, 2020 7:12 am
Yeah, I saw that too. Ted Butler and GATA are vindicated.
A lot of good it will do any of us though.
A lot of good it will do any of us though.
Lets Go Brandon!
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Re: J.P. Morgan to be fined $1B per Bloomberg!
by Cu Penny Hoarder » Thu Sep 24, 2020 4:15 pm
No one prosecuted and no one goes to jail. 
Jamie Dimon and bankster pals should've been put behind bars 10 years ago.
A $1 billion dollar fine for JPM is just the cost of doing business.
Meanwhile, their profits from manipulating PMs are $100-200 billion. Pretty good trade off.
Jamie Dimon and bankster pals should've been put behind bars 10 years ago.
A $1 billion dollar fine for JPM is just the cost of doing business.
Meanwhile, their profits from manipulating PMs are $100-200 billion. Pretty good trade off.
Time is precious, stop wasting it.
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