Feds probing JPMorgan trades in silver pit

Discussion in 'Stock Market' started by hvactec, May 14, 2010.

  1. hvactec
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    hvactec VIP Member

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    Federal agents have launched parallel criminal and civil probes of JPMorgan Chase and its trading activity in the precious metals market, The Post has learned.

    The probes are centering on whether or not JPMorgan, a top derivatives holder in precious metals, acted improperly to depress the price of silver, sources said.

    The Commodities Futures Trade Commission is looking into civil charges, and the Department of Justice's Antitrust Division is handling the criminal probe, according to sources, who did not wish to be identified due to the sensitive nature of the information.

    Read more: Feds probing JPMorgan Chase's silver market trades - NYPOST.com
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says, "Dat's right - a bribe by any other name is still a bribe...
    :eusa_shifty:
    Feds launch probe into JPMorgan's hiring of China officials' children
    August 18, 2013 > Federal authorities have reportedly opened an inquiry into whether JPMorgan Chase hired the children of key Chinese officials in positions that may have helped to steer business the bank’s way.
     
  3. whitehall
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    whitehall Gold Member

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    Morgan/Chase is a big contributor to the Obama/democrat party. My guess is that the "investigation" is just a sham.
     
  4. kenf
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    kenf Rookie

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    JP Morgan is having a really bad year PR wise.
    Sheesh.
    Wasn't there an agreement for an $11 billion settlement for mortgages?
    Read something to that effect.
     

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