Silver lawsuit against JP Morgan 'spoof' & 'fake' tradesSubmitted by Mark Twain on Fri, 09/16/2011 - 14:45
Updated silver lawsuit identifies Morgan trading mechanisms, traders, 'spoof'' and 'fake' trades September 16, 2011
An updated complaint in the class-action lawsuit against JP Morgan / Chase alleging manipulation of the silver futures market, filed this week in U.S. District Court for the Southern District of New York. Details provided on mechanisms of the manipulation & some trades executing it.
Lawsuits challenge JP Morgan's huge silver options short positions. Amounts mentioned in the lawsuit are $100 Million to $200 Million.