Thursday August 11 2022
See our previous post that gold traders at J P Morgan Chase were convicted for spoofing.
But just two years ago, J P Morgan paid $920 M for spoofing
According to the CFTC, between 2008 and 2016, traders on JPMorgan's precious metals and treasury desks, including those who led each desk, placed hundreds of thousands of futures contracts orders that they never planned to execute.
"JPM traders acted with the intent to manipulate market prices and ultimately did cause artificial prices," the CFTC's press release said.
Professor Elam 
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