JPMorgan to pay S$60m to settle precious metals spoofing lawsuit
Published Sat, Nov 20, 2021 · 02:06 AM
[NEW YORK] JPMorgan Chase & Co agreed to pay S$60 million to settle class-action litigation by investors who accused the largest US bank of intentionally manipulating prices of precious metals futures and options.
The settlement disclosed on Friday stemmed from sprawling US government investigations into a form of illegal trading in precious metals and US Treasury markets, known as spoofing.
REUTERS
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