How JPMorgan Made $172 Million Manipulating Markets: The Spoofing Strategy That Broke the System
The largest market manipulation settlement in history reveals how 15 traders systematically extracted wealth from electronic markets
"For eight years, a group of traders at JPMorgan systematically 'spoofed' precious metals and Treasury futures markets by entering hundreds of thousands of orders with the intent to cancel them before execution."
— CFTC Commissioner Dan Berkovitz
