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"The accord would end probes by the Justice Department, the Commodity Futures Trading Commission and the Securities and Exchange Commission into whether traders
by moneytide1 6y ago
"The accord would end probes by the Justice Department, the Commodity Futures Trading Commission and the Securities and Exchange Commission into whether traders on JPMorgan’s precious metals and treasuries desks rigged markets, two of the people said."
So $1B paid will stop further investigations? Meaning it can continue to manipulate and the fee is just the cost of doing business?
- mlindner 6y agoNo? The fine is there to prevent them doing it further. They'll start investigations again if they see more of such activity.