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Ex-JPMorgan Gold Trader Found Guilty in Spoofing Trial

  • Win for US prosecutors in crackdown on “spoofing” trades
  • JPMorgan fined $920 million in 2020 to settle allegations
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Former JPMorgan Chase & Co. gold and silver trader Christopher Jordan was convicted of wire fraud affecting a financial institution by a federal jury in Chicago, the latest win for US prosecutors in their crackdown on illegal “spoofing” trades and market manipulation.

Jordan was found guilty Friday after a four-day trial in the same courthouse where two of his more senior colleagues on the JPMorgan precious-metals desk were convicted in August on spoofing-related charges for deceptive buy and sell orders. Jordan worked at the bank from 2006 to late 2009.