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Former JPMorgan gold trader sentenced to 6 months in prison on spoofing charge

A former JPMorgan gold trader was sentenced to serve six months in prison on Friday. A Chicago judge handed down the sentence in relation to the placement of deceptive orders between 2008 and 2010. As background, poofing involves placing large buy or sell orders with no intention of executing them. These orders are quickly canceled but not before they create a false impression of market demand (or supply), influencing prices. Bloomberg had the report, gated. Link here if you can access it... Read More

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Former

Jpmorgan

Gold

Trader

Sentenced

Months

Prison

Spoofing

Charge

Forex

Posted: Sep 18 2023, 00:01

Author Name: forexlive

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