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JPMorgan Gold Traders Found Guilty in Chicago Spoofing Trial

Start Magazine

(Bloomberg) -- The former head of the JPMorgan Chase & Co. precious-metals business and his top gold trader were convicted in Chicago on charges they manipulated markets for years, handing the US government a win in its long crackdown on bogus “spoofing” orders. Michael Nowak and Gregg Smith were found guilty Wednesday by a federal jury after a three-week trial and more than eight days of deliberations...

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