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Monday, May 10

"Feds probing JPMorgan trades in silver pit"


"Federal agents have launched parallel criminal and civil probes of JPMorgan Chase and its trading activity in the precious metals market, The Post has learned.

"The probes are centering on whether or not JPMorgan, a top derivatives holder in precious metals, acted improperly to depress the price of silver, sources said.

"The Commodities Futures Trade Commission is looking into civil charges, and the Department of Justice's Antitrust Division is handling the criminal probe, according to sources, who did not wish to be identified due to the sensitive nature of the information."

Read more: Feds Probing JPMorgan Silver Trades.

A leaf from the Tree to Kevin at CRYPTOGON.

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