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Spoofing Mistake Costs Wall Street Banking Giant JPMorgan $1 Billion in Penalty
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Business News, Market News, News, Stocks, Wall Street

Spoofing Mistake Costs Wall Street Banking Giant JPMorgan $1 Billion in Penalty

By • 3 mins read

JPMorgan is looking ahead to settle regulatory charges of market manipulation by paying a massive $1 billion in penalty. The DOJ, the SEC, and the CFTC have been conducting an investigation for a long time over the bank involvement in unfair trading practices in the metals market.