JPMorgan Gold Traders Found Guilty After Long Spoofing Trial

(Bloomberg) — The former head of the JPMorgan Chase & Co. precious-metals business and his top gold trader were convicted in Chicago on charges they manipulated markets for years, handing the US government a win in its long crackdown on bogus “spoofing” orders. Most Read from Bloomberg Michael Nowak and Gregg Smith were found guilty … Read more

World Series of Poker Player Charged With Spoofing Gold Market

(Bloomberg) — A Nevada metals trader with a side gig on the world poker circuit was charged Friday with manipulating gold and silver markets using a technique called spoofing. Most Read from Bloomberg The Commodity Futures Trading Commission alleges that Daniel Shak, who also runs a small hedge fund, repeatedly placed orders for gold and … Read more