Gold Anti-Trust Action Committee : JPMorgan metals rigging probe prompts U.S. to seek delay in civil suit

Gold Anti-Trust Action Committee :
JPMorgan metals rigging probe prompts U.S. to seek delay in civil suit

Submitted by cpowell on 03:06PM ET Wednesday, November 21, 2018. Section: Daily Dispatches

By Chris Dolmetsch
Bloomberg News
Tuesday, November 20, 2018

The Justice Department’s investigation of manipulation in the precious-metals markets at JPMorgan Chase & Co. spurred prosecutors to ask a judge to delay a civil lawsuit focusing on similar misconduct.

Former trader John Edmonds pleaded guilty last month to federal charges that he placed hundreds of orders in the futures market he never intended to execute, in a six-year spoofing scheme. On Monday the Justice Department asked the judge overseeing an antitrust lawsuit against JPMorgan to delay the case for six months to « protect the integrity » of its ongoing criminal probe. …

… For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-11-20/jpmorgan-metals-probe…

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