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Two JP Morgan traders were sentenced to prison after engaging in a massive scheme to manipulate the precious metals market for 8 years across tens of thousands of trades. We should be plastering their faces all over the news. This is what a thug really looks like.
Spoofing, a tactic that involves placing and rapidly canceling orders to deceitfully create an illusion of heightened demand or supply, played a central role in this manipulation and was outlawed in 2010. Link: unusualwhales.com/news/two-jpmor…
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