Wednesday, January 20, 2021

market manipulation

Former Deutsche Bank traders convicted for manipulating prices of gold, silver

Prosecutors behind a sweeping U.S. crackdown on market “spoofing” scored a big win Friday when former Deutsche Bank AG traders Cedric Chanu and James Vorley were convicted of fraud for manipulating gold and silver prices. A federal jury in Chicago,...

JPMorgan close to $1 billion settlement over market manipulation

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. The potential...

Swedbank faces investigation over suspected market abuse

Swedbank AB, one of Sweden’s biggest banks, is being investigated by the local watchdog for suspected market abuse tied to its broader money laundering scandal. The Stockholm-based bank, which is still the target of separate investigations in the U.S. and...

Bank of Nova Scotia to pay $127 million over commodities market manipulation

Bank of Nova Scotia agreed to pay $127.4 million to settle U.S. allegations that the company engaged in spoofing of gold and silver futures contracts, and made false statements to the government. As part of the accord, Bank of Nova...

Exchange firm CME to settle leaked secret trade data case for $3.5 million

CME Group, the largest US exchange operator, has agreed to pay at least $3.5m after admitting liability in a case in which two former employees leaked secret trade data to a commodities broker. The Chicago-based group was sued in 2013...

New Jersey securities trader pleads guilty to $17 million market manipulation charges

A Passaic County businessman admitted he stole more than $17 million through a years-long, sprawling market manipulation and tax fraud scheme, authorities said. Joseph Taub, 41, of Clifton, pleaded guilty in federal court to securities fraud and conspiracy to defraud...

Danish watchdog reports Danske Bank to Police over market manipulation

Denmark’s financial watchdog has reported Danske Bank A/S to police for violating regulations designed to protect investors from market manipulation. Denmark’s biggest bank routinely entered into agreements to buy or sell financial instruments without any change in ownership of the...

U.S investigates Trafigura over alleged corruption, market manipulation linked to oil trading

Global commodities trader Trafigura is under investigation by US authorities for alleged corruption and market manipulation relating to oil trading, the Guardian has learned. The Commodities and Futures Trading Commission (CFTC) is leading a far-reaching probe into the activities of...

Whistleblower claims massive manipulation of mortgage funds by Wall Street

Among the toxic contributors to the financial crisis of 2008, few caused as much havoc as mortgages with dodgy numbers and inflated values. Huge quantities of them were assembled into securities that crashed and burned, damaging homeowners and investors...

Australian firm Propex Derivatives to pay $1 million for spoofing

Propex Derivatives Pty Ltd (Propex), a Sydney, Australia-based proprietary trading firm, has entered into a resolution with the Department of Justice to resolve criminal charges related to a spoofing scheme involving thousands of instances of unlawful trading activity in...

Latest News

Seven Hong Kong bankers arrested for laundering $813 million

Seven current and former Hong Kong bankers were arrested in a series of raids on Tuesday as police moved...
Enable Notifications    OK No thanks