JPMorgan Chase agrees to pay $920 million over market manipulation

NEW YORK — JPMorgan Chase, accused of presiding over thousands of episodes of illegal trading in precious metals and Treasury markets, said Tuesday that it will pay about $920 million as part of an agreement with the Justice Department.The Justice Department said JPMorgan employees stationed on desks in New York, London and Singapore engaged in unlawful trading of gold, silver, platinum, and palladium futures contracts, scooping up orders with the intention of canceling them before they were executed.“The conduct of the individuals referenced in today’s resolutions is unacceptable and they are…

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HEDGE accordingly