Subscribe

Join Us On LinkedIn

The former head of JPMorgan Chase & Co.’s precious-metals desk and his top trader were sentenced to prison for spoofing, fraud and attempted market manipulation. Michael Nowak, who ran gold and silver trading at the bank, and trader Gregg Smith were sentenced Tuesday in Chicago by US District Judge Edmond Chang. Nowak received a term […]
Damian Williams, the United States Attorney for the Southern District of New York, and Christie M. Curtis, the Acting Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced the unsealing of a four-count Indictment charging SOUFIANE OULAHYANE, a/k/a “Soufiane Oulahya,” for a scheme to impersonate the […]
Former JPMorgan Chase & Co. gold and silver trader Christopher Jordan used a technique known as “spoofing” to gain an edge against high-speed computer algorithms because at the time, there were no rules against it, his lawyer told a federal court jury in Chicago. “Chris traded according to the rules as he understood them, and […]
Twitter shares briefly spiked on Tuesday after a fake report resembling a Bloomberg story suggested the social media company received an acquisition offer. via Fake Story Sends Twitter Shares Spiking by 8 Percent – NBC News
U.S. securities regulators filed charges against two trading firms and five individuals on Friday in a case involving an illegal manipulative trading practice known as “spoofing.” via SEC charges trading firm owner, others in ‘spoofing’ case — Reuters