The $920 million payment represents the largest-ever monetary penalty imposed by the Commodity Futures Trading Commission, and consists of a $436.4 million fine, $311.7 million in restitution, and $172 million in disgorgement, according to a statement from the CFTC seen by Bloomberg.
The case covers an eight-year period and relates to the practice of"spoofing," where traders put in large orders to buy or sell a security with no intention of executing the order, creating the appearance of demand or supply for a particular asset, and helping move that asset in the desired direction of the trader.The settlement will put an end to a criminal investigation of the bank that has entangled a half-dozen employees.
Prison time or STFU.
TARDE BOA, AMIZADE QUE AMA E PERDOA SINCERAMENTE... COMO SEMPRE, NATURALMENTE!
ThomasS4217 People get screwed, fines go to the treasury.
.....and so the squalid show goes on, just as though nothing has really happened Why do already mega-rich companies have a criminal ethos?
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
Goldman Sachs says higher real yields 'exacerbated' the stock market sell-off | Markets InsiderGoldman Sachs trading booth on the floor of the New York Stock Exchange in New York, on Thursday, January 6, 2011. Ramin Talaie/Corbis/Getty Ima...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock markets: 4 election outcomes and market reactions: Oppenheimer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Recent market returns suggest investors are prepping for weaker US recovery, UBS says | Markets InsiderJohannes Eisele/AFP via Getty Images Recent financial market returns point to investors shifting cash to safe havens and growing more concerne...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Work from home: Highest-paying remote vacancies in marketing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. this debate is going to move the foreign markets in overnight trading
Source: BusinessInsider - 🏆 729. / 51 Read more »