JPMorgan Admits To Spoofing, Fined $920 Million
JPMorgan Chase & Co. admitted wrongdoing and agreed to pay more than $920 million to resolve U.S. authorities’ claims of market manipulation involving two of the bank’s trading desks, the largest sanction ever tied to the illegal practice known as spoofing. Over eight years, 15 traders at the biggest U.S. bank caused losses of more…
