JPMorgan Chase to Pay Record Fine For "Spoofing" Charges

JPMorgan Chase (NYSE: JPM) has set many records in its day, but its latest is not one it will be proud of.

America's largest bank will pay more than $920 million to the Commodity Futures Trading Commission (CFTC) after the agency found the bank guilty of "spoofing" in which JPMorgan Chase engaged in "manipulative" trading practices related to precious metals and U.S. Treasury future contracts.

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Source Fool.com