JPMorgan Chase to pay $290M settlement for manipulating metals market

JPMorgan Chase has agreed to pay a record $290 million settlement related to charges that some of its traders manipulated the commodities market of precious metals, in a scheme known on Wall Street as "spoofing."

News 12 Staff

Sep 30, 2020, 6:29 PM

Updated 1,381 days ago

Share:

Disney is laying off 28,000 workers due to the closures at its California theme parks and a drop in attendance.
JPMorgan Chase has agreed to pay a record $290 million settlement related to charges that some of its traders manipulated the commodities market of precious metals, in a scheme known on Wall Street as "spoofing."
The Seattle City Council is passing a minimum pay standard for Uber and Lyft drivers, becoming the second big city to do so.


More from News 12
1:57
Stop & Shop to close 10 ‘underperforming’ locations across New Jersey

Stop & Shop to close 10 ‘underperforming’ locations across New Jersey

2:10
STORM WATCH: Chance of stormy weather tonight into Saturday for parts of NJ

STORM WATCH: Chance of stormy weather tonight into Saturday for parts of NJ

1:16
Prosecutor: Bergen County pastor charged with 21 counts of sexual offenses against teen

Prosecutor: Bergen County pastor charged with 21 counts of sexual offenses against teen

1:52
AT&T security breach hits nearly all cellular customers and landline accounts

AT&T security breach hits nearly all cellular customers and landline accounts

3:06
Jury ends first day of deliberations in Sen. Bob Menendez's corruption trial without a verdict

Jury ends first day of deliberations in Sen. Bob Menendez's corruption trial without a verdict

0:47
Point Pleasant Beach officials at odds with company over 5G cell towers

Point Pleasant Beach officials at odds with company over 5G cell towers

1:41
Heavy rain causes flooding in parts of southern New Jersey

Heavy rain causes flooding in parts of southern New Jersey

2:21
Ruptured pipe causes raw sewage to pour into Red Bank storm drains

Ruptured pipe causes raw sewage to pour into Red Bank storm drains

1:59
Coach USA cutting 20 NJ Transit bus routes in North Jersey

Coach USA cutting 20 NJ Transit bus routes in North Jersey

0:32
East Brunswick teen accused of plotting to destroy energy facilities to advance white supremacist views

East Brunswick teen accused of plotting to destroy energy facilities to advance white supremacist views

0:13
Sailor saved from capsized sailboat in Barnegat Bay

Sailor saved from capsized sailboat in Barnegat Bay

0:40
United Airlines flight from Miami to Newark diverted after passenger fights with flight attendant

United Airlines flight from Miami to Newark diverted after passenger fights with flight attendant

0:54
Fairfield police release new surveillance photos of missing 16-year-old

Fairfield police release new surveillance photos of missing 16-year-old

1:58
PSE&G: Roads reopen in Union City following emergency repairs on ruptured gas line

PSE&G: Roads reopen in Union City following emergency repairs on ruptured gas line

0:24
USDA: Health alert issued for ready-to-eat meat illegally imported from the Philippines

USDA: Health alert issued for ready-to-eat meat illegally imported from the Philippines

0:33
Caught on camera: Car burglar enters unlocked vehicles in Gloucester Township

Caught on camera: Car burglar enters unlocked vehicles in Gloucester Township

0:18
NJ Transit: North Jersey Coast Line rail service resumes; commuters frustrated over continued issues

NJ Transit: North Jersey Coast Line rail service resumes; commuters frustrated over continued issues

2:03
Paws & Pals: Moose now up for adoption with Brick City Rescue

Paws & Pals: Moose now up for adoption with Brick City Rescue

1:34
The Real Deal: How to beat inflation with a summer spending plan

The Real Deal: How to beat inflation with a summer spending plan

1:56
Police: 8-year-old fatally struck by car while riding bike in Morris County

Police: 8-year-old fatally struck by car while riding bike in Morris County