15 Feb 2020 I would not be surprised to see the inquiry lead to arrests of more traders and even the person who ran the commodity trading business at 14 Jan 2020 A trader engaging in spoofing places limit orders outside the current bid and two metals traders for 60 days for alleged spoofing violations. 17 Sep 2019 He was found to be conspiring against other traders in the commodities markets, especially precious metals. He spoofed trades in palladium, 17 Sep 2019 Probably yesterday's biggest precious metals story was not only the indictment of JP Morgan's precious metals trading desk on 'spoofing' in the associate professor at NYU's Stern School of Business, discusses a recent case of spoofing in precious metals markets involving a former J.P. Morgan trader . “Trunz, who earlier today resigned from his position as an executive director at J.P. Morgan, said he “learned to spoof from more senior traders, and spoofed with 28 Jan 2020 [l] Press Release, Commodity Futures Trading Comm'n, In CFTC Action, Court Orders Precious Metals Trader to Pay Penalty and Imposes
28 Jan 2020 [l] Press Release, Commodity Futures Trading Comm'n, In CFTC Action, Court Orders Precious Metals Trader to Pay Penalty and Imposes 16 Sep 2019 involving three New York-area traders accused of spoofing CME's metals market. JPMorgan's metals desk was a criminal enterprise: feds 17 Sep 2019 With gold trading at $1500 in US Dollar terms, silver held around $17.90 – a price manipulation and "spoofing" in the precious metals market. 20 Sep 2019 Two of those traders were also charged with committing commodities fraud, spoofing, and attempted price manipulation and were named as
Another ex-JP Morgan precious metals trader pleads guilty to 'spoofing,' is cooperating with Feds NEW YORK (Reuters) - A JPMorgan Chase & Co precious metals trader pleaded guilty to spoofing, or placing bogus trade offers, on Tuesday, when he also resigned as an executive director at the bank. The guilty plea and resignation of Christian Trunz, 34, of London, were announced by the U.S. Department of Justice. The traders used an illegal tactic called “spoofing,” where they flooded markets with a mix of real and false orders to buy and sell futures contracts on the metals in order to give a false Although other suspected market cheats have been charged with specific spoofing and manipulation offenses, the Justice Department accused JPMorgan metals traders under the so-called RICO statute -- CFTC charges precious metals futures traders with spoofing . Michael Nowak and Gregg Smith are charged with spoofing, engaging in a manipulative and deceptive scheme, and attempting to manipulate prices in the precious metals futures markets. The DOJ also obtained an indictment against Edward Bases and John Pacilio, two former MLCI precious metals traders, in July 2018 related to this investigation. Those charges are pending. A former precious metals trader at the London, Singapore and New York offices of a U.S. bank (Bank A) pleaded guilty today to conspiracy and spoofing charges, announced Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and Assistant Director in Charge William F. Sweeney Jr. of the FBI’s New York Field Office.
25 Jul 2019 Daniel Acker | Bloomberg | Getty ImagesA former trader at Scotia Bear Stearns metals trader pleads guilty, will cooperate in 'spoofing' probe. 2 Jun 2017 The Deutsche Bank trader, David Liew, pleaded guilty in federal court in Chicago to conspiring to spoof gold, silver, platinum and palladium 2 Jun 2017 Precious metals trader David Liew has agreed to plead guilty in federal court to " spoofing" trades of futures contracts on the Chicago Mercantile
A former UBS trader facing criminal allegations that he schemed to manipulate the precious metals futures market through a trading tactic known as “spoofing” was hit Friday in Connecticut