has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes into its trading of metals futures and Treasury securities, the U.S. authorities said on Tuesday.
JPMorgan will pay $436.4 million in fines, $311.7 million in restitution and more than $172 million in disgorgement, the Commodity Futures Trading Commission said on Tuesday, the biggest-ever settlement imposed by the derivatives regulator. “The conduct of the individuals referenced in today’s resolutions is unacceptable and they are no longer with the firm,” said Daniel Pinto, co-president of JPMorgan and CEO of the Corporate & Investment Bank.
In parallel settlements, the bank entered into a Deferred Prosecution Agreement with the Department of Justice and the United States Attorney’s Office for the District of Connecticut, staving off criminal prosecution on charges of wire fraud.
No one from JPMorgan Chase goes to jail.
There we go, no arrests, nothing...just fines🤗 cc CulpritEnter
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The big players have redesigned the capital markets in order to profit.And when the market fails they promise to pay fines.
No arrests 🤐🤔
What a noble gesture! JP Morgan is an idol
no arrests? really.
Make a couple billion, pay out 920 million. It's a deal they'll take every time, who wouldn't?
How about they start breaking them up and charging their executives. This happens all the time
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JPMorgan Paying $920 Million to Resolve Market Manipulation ProbesJPMorgan agreed to pay $920 million to resolve market-manipulation probes. It is the largest-ever fine imposed for spoofing by the CFTC. So what ? They have made more than $10 Billions by manipulating the various rules/regulations. Read Panama Papers, watch inside job.... everything has been explained very well They can afford more YOU NEW to FOREX? Minimize your losses with my expert strategy with an investment capital of $300, i can guarantee $3,500 as profits after 5days of investment without sending money to anyone . Inbox me if interested.📊📈
Source: WSJ - 🏆 98. / 63 Read more »
JPMorgan pays largest CFTC penalty ever of $920 million and admits wrongdoing in market manipulation case | Markets InsiderAmr Alfiky/Reuters JPMorgan will pay the largest CFTC monetary penalty ever and admitted wrongdoing in order to resolve a case surrounding cla... .....and so the squalid show goes on, just as though nothing has really happened Why do already mega-rich companies have a criminal ethos? ThomasS4217 People get screwed, fines go to the treasury. TARDE BOA, AMIZADE QUE AMA E PERDOA SINCERAMENTE... COMO SEMPRE, NATURALMENTE!
Source: BusinessInsider - 🏆 729. / 51 Read more »
JPMorgan pays largest CFTC penalty ever of $920 million and admits wrongdoing in market manipulation case | Markets InsiderAmr Alfiky/Reuters JPMorgan will pay the largest CFTC monetary penalty ever and admitted wrongdoing in order to resolve a case surrounding cla... .....and so the squalid show goes on, just as though nothing has really happened Why do already mega-rich companies have a criminal ethos? ThomasS4217 People get screwed, fines go to the treasury. TARDE BOA, AMIZADE QUE AMA E PERDOA SINCERAMENTE... COMO SEMPRE, NATURALMENTE!
Source: BusinessInsider - 🏆 729. / 51 Read more »
JPMorgan Paying $920 Million to Resolve Market Manipulation ProbesJPMorgan agreed to pay $920 million to resolve market-manipulation probes. It is the largest-ever fine imposed for spoofing by the CFTC. So what ? They have made more than $10 Billions by manipulating the various rules/regulations. Read Panama Papers, watch inside job.... everything has been explained very well They can afford more YOU NEW to FOREX? Minimize your losses with my expert strategy with an investment capital of $300, i can guarantee $3,500 as profits after 5days of investment without sending money to anyone . Inbox me if interested.📊📈
Source: WSJ - 🏆 98. / 63 Read more »