U.S. charges another ex-JPMorgan executive with alleged market manipulation

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 indictment against Jeffrey Ruffo, who is also charged with other federal crimes including conspiracy to commit wire fraud, is the result of an “ongoing investigation”, federal prosecutors said in a statement. 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.

The indictment also alleged that Ruffo and his former colleagues defrauded JPMorgan’s clients who had invested in “barrier options” by pushing option prices to levels that benefited the bank.

africaupdates

Just a fine, move along. Hey! You’re speeding. Go to jail!!

Trump manipulates stock market every day. As if that is considered a crime.

These things happen everyday everynight in the futures market...LMAO. These regulators are a joke.

3 hail marys, and no tv after 9

To the surprise of no one.

Where are the regulators? Trump probably fired the regulators & gave their salaries to rich people.

Get used to stories just like this. If you try really hard you can almost here the Goldman Sachs Base-Jumping Academy springing into action. Sure sign of the end of another corrupt-ass 'bull run' in the stock casino.

How about the liar in chief whose pronouncements have markets acting like roller coaster? Someone or ones have been making a killing.

Yet Trump does it every day.

Mention here when he enter prison that's information for public to see justice for all.

There's a job for you in the White House, my friend. You've got that Trump spirit (of breaking the law and stealing from others).

I am hopeful that the US will address the greed based actions of JPMorgan traders... it just seems strange their ALWAYS former employees... and WILL the greedy ones at the top be held responsible, PLEASE, I hope this is just 'make haste slowly'.

Where's Jamie Dimon, can't be too far away from the action. I never trusted that man for a N.Y. minute.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Former Apple chip executives found company to take on Intel, AMDThree of Apple Inc's former top semiconductor executives in charge of iPhon... is the safest place for you to tag your friends in news articles. We write and sell access to algorithms designed to combat misinformation. Follow us overlooked_inc Former apples want a piece of the pie 🤣 The beginning of the end of Intels era
Source: Reuters - 🏆 2. / 97 Read more »

US officials repeatedly tout positive progress on China trade and the market still listensThe stock market has moved on virtually every U.S.-China trade headline for nearly two years. Hi There Are you looking for amazing offer now Contact Me: What a pain in the neck story. All year long listening this crap. Who cares this fakefuckingnews I'd bet money Trump and Kudlow have a broker in a room who they tip off to buy and sell stocks and options in advance of one of their fake announcements. Trump and his people have been saying the same thing for 2 years and still ... no deal. Why does market still stupidly listen?
Source: CNBC - 🏆 12. / 72 Read more »