Anonymous ID: a93c93 Nov. 16, 2018, 2:50 p.m. No.3931578   🗄️.is 🔗kun

How ex-JP Morgan silver trader's guilty plea could boost manipulation claim against bank

John Edmonds, a 36-year-old Brooklyn resident, pleaded guilty in October to fraudulently manipulating the precious metals markets from 2009 to 2015.

 

Nearly four years ago, a New York lawyer sued J. P. Morgan on behalf of three traders, accusing the bank of manipulating the silver futures market from 2010 through 2011, costing his clients $30 million in losses.

 

Regulators have been cracking down on market manipulation in the decade since the 2008 financial crisis. Financial watchdogs have focused their attention on areas of Wall Street that few laymen pay any attention to.

 

https://www.cnbc.com/2018/11/12/ex-jp-morgan-silver-traders-guilty-plea-could-boost-manipulation-suit.html