Two JP Morgan Employees Put On Leave Amid Criminal Investigation Into Bank’s Gold & Silver Trading
- WallStForMainSt
Two JP Morgan employees put on leave amid U.S. probe into metals trading, Reuters reports. JP Morgan Chase & Co placed two employees, Michael Nowak and Gregg Smith, on leave in response to a U.S. criminal investigation into the bank’s metals trading practices. CNBC article covering the story: https://www.cnbc.com/2019/09/12/two-j… In the last 12 months, 2 JP Morgan metals traders have already been charged and plead guilty to precious metals market manipulation:
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1) Former JP Morgan trader pleads guilty to manipulating US metals markets for years https://www.cnbc.com/2018/11/06/ex-jp…
2) JP Morgan Spoofer Pleads Guilty To Gold Manipulation, Faces 11 Years In Jail https://www.zerohedge.com/news/2019-0…
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