Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
The fine and admission of questionable conduct are milestones for the Commodity Futures Trading Commission, which used new authorities granted under the Dodd-Frank Act to curb manipulative conduct. Among other things, the law allows the commission to crack down on those who "intentionally or recklessly" use "any manipulative device" or scheme to defraud other investors.
US companies tend to avoid paying fines, and often try to make financial settlements without admitting fault.
If the amount is confirmed, it would be the largest ever paid by a US company in this type of settlement with the government. It's also significantly larger than JP Morgan's previous offer of $11 billion.
... admits guilt as well.
Why you may wonder? Dodd Frank
JPMorgan pays $100M, admits fault in London trades - NBC News.com
The fine and admission of questionable conduct are milestones for the Commodity Futures Trading Commission, which used new authorities granted under the Dodd-Frank Act to curb manipulative conduct. Among other things, the law allows the commission to crack down on those who "intentionally or recklessly" use "any manipulative device" or scheme to defraud other investors.
where do these slush fund conspiracies originate? rw'ers always says "oh that going into Obama's personal acct. etc..."
