JPMorgan to pay $US920m for 'spoofing'

By Abhishek Manikandan and Michelle Price
Updated September 30 2020 - 5:56am, first published 5:54am
JPMorgan traders faced claims of spoofing - placing market orders they never intended to execute.
JPMorgan traders faced claims of spoofing - placing market orders they never intended to execute.

JPMorgan Chase & Co has agreed to pay more than $US920 million ($A1.3 billion) and admitted to wrongdoing to settle federal US market manipulation probes into its trading of metals futures and Treasury securities, US authorities say.

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