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Ex-JPMorgan Trader Wins U.K. Employment Fight Over Spoofing

  • Jones was unfairly dismissed, didn’t spoof market, judge says
  • JPMorgan wanted to “appease its regulators,” judge says
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A fired JPMorgan Chase & Co. trader won his legal fight with the U.S. investment bank after a London court rejected claims he’d engaged in market spoofing and said the company had targeted the man to “appease its regulators.”

Bradley Jones, a former cash equities trader, was unfairly dismissed, Judge Stephen Knight said in a ruling published Wednesday. Jones had argued that he was only fired because the bank wanted to show it was taking a tougher line on a spoofing scandal that cost it close to $1 billion in penalties.