City Of London
Ex-JPMorgan Trader Accused of Spoofing Says He Was Wrongly Fired
JPMorgan Chase & Co. company's offices in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
An ex-JPMorgan Chase & Co. commodities trader sued the investment bank for unfair dismissal, alleging he was wrongly accused of spoofing cocoa trades to “appease” regulators.
Phil Remillard filed the claim at a London employment tribunal, saying JPMorgan had chosen to take a tougher approach to trading activity after the spoofing scandal at the bank. He’s suing to get his old job back — pursuing the same argument employed by Remillard’s ex-colleague Bradley Jones, who won a tribunal ruling over alleged spoofing and more than £1.6 million ($2 million) in back pay.