Financial Crime Financial Crime

JPMorgan to pay $920 million for spoofing

By Richard Vanderford
  • 29 Sep 2020 12:40
  • 29 Sep 2020 13:48
JPMorgan has agreed to pay a record $920 million for spoofing after engaging in what one top enforcer called an "unparalleled" eight-year systematic scheme.

JPMorgan precious metals and treasuries traders placed hundreds of thousands of fake orders to illegally move the market, the Commodity Futures Trading Commission said today (see here).

The banking

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