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JPMorgan, HSBC accused of manipulating silver futures

Posted on 28 October 2010

From Bloomberg: JPMorgan Chase & Co. and HSBC Holdings PLC were sued by an investor claiming they manipulated silver futures and options prices in violation of U.S. antitrust law by placing “spoof” trading orders.
The investor, Peter Laskaris, alleges that starting in March 2008, the banks colluded to suppress silver futures so that call options, or the right to buy, would decline, and put options for the right to sell would increase, according to the complaint filed today in federal court in Manhattan……………………………………….Full Article: Source

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VRS - who has written 34696 posts on Opalesque Commodities Briefing.


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