wsj.com/articles/ex-jpmorgan-traders-convicted-in-federal-fraud-trial-11660165278
The convictions are the capstone of a seven-year Justice Department campaign to punish a style of deceptive trading in futures markets. JPMorgan paid $920 million in 2020 to settle regulatory and criminal charges against the bank over the traders’ conduct. The rapid-fire strategy was prevalent at some Wall Street banks before Congress outlawed spoofing in 2010.
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