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JPMorgan Will Pay $15.7 Million in a Spoofing Settlement

 JPMorgan Chase & Co agreed to pay $15.7 million in cash to settle a class action lawsuit by investors who accused the largest U.S. bank of intentionally manipulating prices of U.S. Treasury futures and options.

The settlement disclosed late Wednesday night stemmed from sprawling U.S. government investigations into illegal trading in futures and precious metals markets, known as spoofing.

JPMorgan did not admit wrongdoing in agreeing to the settlement, which covers traders in Treasury futures and options from April 2008 to January 2016 and requires approval by a federal judge in Manhattan.

Read the source article at Yahoo Finance

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