NEW YORK: The Department of Justice has charged another former JPMorgan Chase & Co executive with alleged racketeering and manipulating precious metals prices between 2008 and 2016, the latest in a string of similar prosecutions.
The case relates to spoofing, which involves placing bids to buy or offers to sell contracts with the intent to cancel them before execution, allowing spoofers to influence prices. In recent years there has a been a surge in spoofing related prosecutions in the United States by the Department of Justice and the Commodity Futures Trading Commission.A JPMorgan spokesman did not immediately respond to a request for a comment. The U.S.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple could raise annual ad income to US$11 billion by 2025: JPMorganThe launch of Apple TV+, coupled with Apple Inc's foray into digital services, could help the company increase its income from advertising by more ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Democrat Joe Biden proposes US$1.3 trillion US infrastructure planDemocrat Joe Biden would invest US$1.3 trillion over a decade on electric car charging stations, high-speed railroads, clean-energy research and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Roche buys US drugmaker Promedior for up to US$1.4 billion to get lung drugSwiss drugmaker Roche is paying up to US$1.4 billion to buy U.S. biotech company Promedior, whose main drug candidate against the lung disease ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US, China trade talks to continue Friday: US commerce chiefU.S.-China trade talks are set to continue with a telephone call on Friday as both sides seek to hammer out a phase one trade pact, U.S. Commerce ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
WeWork losses widen to US$1.25 billion amid record office space expansionThe We Company, owner of WeWork, said on Wednesday net losses in the third quarter widened to US$1.25 billion from US$497 million a year earlier ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US retail sales rebound; manufacturing output tumblesU.S. retail sales rebounded in October, but consumers cut back on purchases of big-ticket household items and clothing, which could temper ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »