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Politics : Sioux Nation

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From: koan	10/16/2025 10:23:23 PM
	of 360872

AI Overview Yes, JPMorgan Chase paid a record $920$ 920 $920 million fine in 2020 to settle charges that its traders engaged in manipulative trading of precious metals, including silver. The Commodity Futures Trading Commission (CFTC) and the Department of Justice (DOJ) announced that the bank admitted to engaging in a scheme of "spoofing" to manipulate prices in the futures markets for metals and Treasury bonds. Spoofing: The manipulative practice involved placing and then quickly canceling orders to create a false impression of supply or demand, with the goal of influencing market prices. Duration of the scheme: The illegal trading activity lasted for at least eight years, involving hundreds of thousands of "spoof" trades. Consequences: In addition to the fine, six JPMorgan employees were also charged with rigging the prices of gold and silver futures.

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