JPMorgan dominates gold market as jury deliberates spoofing charges

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

Nowak and Smith face charges of racketeering conspiracy as well as conspiring to commit price manipulation, wire fraud, commodities fraud and spoofing; Ruffo has been charged with racketeering and conspiracy. All three men face years in prison if they are found guilty. David Meister, Nowak's defense attorney, said in his closing arguments that the government prosecutors relied on lousy evidence and dubious witnesses to support their theory that Nowak was a master crook.Spoofing is a type of manipulative trading where bids and offers are placed in the market and canceled before they can be filled. There is never any intention to fill these orders. The trades are made to provide a false sense of size on one side of the market or the other.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Crypto bankruptcy proceedings to slow massive selloffs that triggered the bear market – KaikoKitco News talks with some of the most influential gold market analysts, economists, investors and mining CEOS to get their take on the industry and financial markets and the global economy
Källa: KitcoNewsNOW - 🏆 13. / 78 Läs mer »

Gold does well during inflation, recession: Is gold or real estate a better investment? - Jeff Clark
Källa: KitcoNewsNOW - 🏆 13. / 78 Läs mer »