Users Online Now:
2,089
(
Who's On?
)
Visitors Today:
1,280,668
Pageviews Today:
1,750,086
Threads Today:
443
Posts Today:
7,378
01:57 PM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
Updated Silver Lawsuit Identifies Morgan Trading Mechanisms, Traders, “Spoof” and “Fake” Trades
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Conspiruz:MV8xNjQ1OTI1XzI3MTg2NjI3X0UwQkY3ODNC] Do they actually think filing a lawsuit is going to expose these cockroaches? Have they forgotten who makes the laws? JP Morgan has probably bought a couple of Judges by now... [/quote]
Original Message
An updated complaint in the class-action lawsuit against JPMorganChase alleging manipulation of the silver futures market, filed this week in U.S. District Court for the Southern District of New York, details the mechanisms of the manipulation and some of the traders executing it.
According to the updated complaint:
– MorganChase already had a large short position in silver when it acquired another large short position upon the investment house’s acquisition of the failed New York brokerage Bear Stearns in 2008. This, the complaint says, gave MorganChase hugely disproportionate influence in the silver market.
– MorganChase used “fake” and “spoof” trades to manipulate prices downward, particularly in advance of contract expiration dates, when MorganChase held put options, which became more valuable as the price of silver was driven down.
[
link to sgtreport.com
]
Pictures (click to insert)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>