Mon, Oct 20, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Trading more

Further silver drama as traders sue JPMorgan, HSBC

Posted on 29 October 2010

From Ibtimes.com: In the wake of Commodity Futures Trading Commission member Bart Chilton’s?announcement that the group had found fraud in the silver futures market, a pair of traders have filed suits against two investment banks, alleging that they helped conspire to suppress the price of silver.
The suit filed by commodity traders Peter Laskaris and Brian Beatty alleges that, while controlling over half of the total short positions - bets that the price of an asset will fall - HSBC?and JPMorgan Chase worked together to let each other know about major trades and placed “spoof” orders.?………………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 37533 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031