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Posted On: 08/21/2019 3:12:10 PM
Post# of 72443
To our dear friends who insist that major wall street firms are not manipulating financial instruments:
Another ex-JPMorgan trader pleads guilty to 'spoofing'
Aug. 21, 2019 4:42 AM ET|About: JPMorgan Chase & Co. (JPM)|By: Yoel Minkoff, SA News Editor
Another former JPMorgan (NYSE:JPM) trader, Christian Trunz, has pleaded guilty to criminal charges of manipulating the precious metals markets for nine years marking the latest in the DOJ's crackdown in the commodities markets.
Spoofing is a strategy that involves placing trade orders with the intent to cancel them before they can be executed, thereby affecting the price of an asset and benefiting a preexisting trading position.
Another ex-JPMorgan trader pleads guilty to 'spoofing'
Aug. 21, 2019 4:42 AM ET|About: JPMorgan Chase & Co. (JPM)|By: Yoel Minkoff, SA News Editor
Another former JPMorgan (NYSE:JPM) trader, Christian Trunz, has pleaded guilty to criminal charges of manipulating the precious metals markets for nine years marking the latest in the DOJ's crackdown in the commodities markets.
Spoofing is a strategy that involves placing trade orders with the intent to cancel them before they can be executed, thereby affecting the price of an asset and benefiting a preexisting trading position.
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