US power regulator after JP Morgan Chase for market manipulation

Monday, July 29th 2013 - 21:48 UTC

Full article 2 comments

The US power regulator outlined its case of market manipulation against JPMorgan Chase & Co as industry sources said a final settlement on the issue should come on Tuesday. Traders used improper bidding tactics in California and the Midwest to boost profits, officials said in a statement that brought to light some details of an extensive investigation. Read full article

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ChrisR
What goes around comes around.

The good ol' boys will still be sitting pretty when all this is over, unlike the rest of us who had to pay for these prats.
Jul 30th, 2013 - 06:13 pm - Link - Report abuse 0
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Captain Poppy
I say market manipulation is a crime and BoD and Sr Mgt should be looking at jail time at Levenworth. Being a corporation is no excuse for not doing jail time. Directors and senior managers are suppose to be responsible. Not enough of them are prosecuted criminally.
This fine shit and settlements have to go.......directors and tree cutting, road cleaning crews, etc, etc. Board of Directors might pull their heads out of their asses and get the idea then.
Jul 31st, 2013 - 05:26 am - Link - Report abuse 0
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