Topic: Market abuse

DOJ seeks long prison sentences for ex-JPMorgan traders over spoofing scheme

21 March 2023

Glencore ex-trader hopes to avoid prison time for manipulating benchmarks

Emilio Heredia claimed that the misconduct he was convicted for had been “encouraged, rewarded and fully embraced” at his former workplace.

16 March 2023

US Supreme Court won’t hear spoofing appeals

The US Supreme Court has declined to hear appeals brought by two former Deutsche Bank traders against their convictions for manipulating precious metals markets.

25 January 2023

GIR’s top stories of 2022

The GIR editorial team is taking a break from regular news briefings over the next couple of weeks. We will be back on 3 January. In the meantime, please enjoy this selection of some of our favourite and most-read stories. Happy holidays!

18 December 2022

Fifth JPMorgan precious metals trader convicted in US spoofing case

A jury in Chicago has found another former trader on JPMorgan’s precious metals desk guilty of taking part in a scheme to manipulate the gold and silver futures markets for profit.

12 December 2022

FCA fines three traders over market abuse

07 December 2022

DOJ seeks to credit almost half of Glencore’s bribery fine to foreign authorities

The DOJ has asked a US court to credit up to $166 million of Anglo-Swiss commodities trader Glencore's $428.5 million penalty for pleading guilty to bribing public officials in Africa and South America against related resolutions by authorities in the UK and Switzerland.

14 November 2022

US court dismisses Libor-rigging charges against convicted ex-trader

Featured in Investigator's Guide to New York

A Manhattan federal court has thrown out a ten-year-old indictment against Tom Hayes, a British former trader who was convicted in the UK in 2015 for manipulating an interest rate benchmark.

31 October 2022

Mark Steward to hang up his boots at the FCA

The head of enforcement at the UK’s financial regulator will step down early next year after seven years at the agency.

18 October 2022

Glencore to face restitution claim in US bribery case

The owners of a medical device company affected by Glencore's bribery in the DRC filed an appearance in the DOJ case against the commodities trader.

14 October 2022

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