Former JPMorgan Traders Convicted of Manipulating Gold Prices

The Justice Department found two former JPMorgan traders guilty of manipulating gold prices by placing misleading orders and ultimately rigging the precious metals market. As reported by the Wall Street Journal, Michael Nowak, who at the time was head of JPMorgan Chase’s precious metals desk, and Gregg Smith, a top gold trader, were convicted of … Continue reading Former JPMorgan Traders Convicted of Manipulating Gold Prices