JPMorgan’s Role In Metals Spoofing Said To Be Under Criminal Probe

U.S. authorities that accused six JPMorgan Chase & Co. employees of rigging precious-metals futures are building a criminal case…

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)

U.S. authorities that accused six JPMorgan Chase & Co. employees of rigging precious-metals futures are building a criminal case against the bank itself, two people familiar with the situation said.

The previously unreported investigation of the global bank’s parent company, part of a wide-ranging federal clampdown on market manipulation, raises the prospect of criminal charges and significant fines against America’s largest bank.

No formal accusations have been made against JPMorgan.

https://news.bloomberglaw.com/banking-law/jpmorgans-role-in-metals-spoof…

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