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JPMorgan Is Set to Pay $1 Billion in Record Penalty for Spoofing Precious Metals, Treasuries (Bloomberg)

JPMorgan Chase & Co. is poised to pay close to $1 billion to resolve market manipulation investigations by U.S. authorities into its trading of metals futures and Treasury securities, according to three people with knowledge of the matter.

Bank of Nova Scotia last month agreed to pay $127.4 million to settle U.S. allegations that the company engaged in spoofing of gold and silver futures contracts,

https://www.bloomberg.com/news/articles/2020-09-23/jpmorgan-is-set-to-p…

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