Justice Department charges JPMorgan traders with market manipulation

Justice Department charges JPMorgan traders with market manipulation

In an indictment unsealed on Monday morning, the DoJ charged Michael Nowak, a JPMorgan veteran and former head of its precious metals trading desk and Gregg Smith, another trader on JPM’s metals desk, in market manipulation for precious metals futures contracts and defraud market participants.

Chris
Chris
Minor_Complex
Minor_Complex 8 months

People that game and spoof the economy are truly awful. I'm glad these things are being brought to light.

porcus
porcus 8 months

There was quite a bit of oil future manipulation by traders several years ago. Glad to see that some of these twats are getting snatched.

Phil Scott
Phil Scott 8 months

Yeah, like Randolph and Mortimer Duke and those orange crop reports.

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