JPMorgan Paying $920 Million to Resolve Market Manipulation Probes – USA DAILY NEWS

JPMorgan Paying $920 Million to Resolve Market Manipulation Probes

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JPMorgan Chase & Co. agreed to pay $920 million and admit misconduct tied to manipulation of precious-metals and Treasury markets, regulators said Tuesday.

The settlement resolves investigations by the Justice Department, Commodity Futures Trading Commission and the Securities and Exchange Commission, according to a CFTC statement issued Tuesday. The fine is the largest ever imposed for spoofing, a type of market manipulation, by the CFTC, the agency said.

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