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5-Count Felon JPMorgan Is at the Center of a New, Multi-Billion Dollar Trading Scandal

Tuesday, March 15, 2022 13:57

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By Pam Martens and Russ Martens: March 15, 2022 ~ Traders who feel they were robbed of their profits trading nickel last week at the London Metal Exchange (LME) have taken to Twitter to verbally accuse the LME of favoring their “cronies” and behaving like “slime balls.” Lining up as crony suspect Number 1 are units of JPMorgan Chase who, together, hold the largest number of Class B shares in the London Metal Exchange than any other member. Those units are J.P. Morgan Markets Limited with 25,000 shares; J.P. Morgan Metals Limited with 19,100 shares; and J.P. Morgan Securities with 25,000 shares for a total of 69,100 Class B shares, according to a listing of shareholders on the LME’s website. In addition, the CEO of the Hong Kong Stock Exchanges and Clearing (HKEX), which bought the LME in 2012, is Nicolas Aguzin. He joined the HKEX last May after spending 31 … Continue reading →

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Source: http://silveristhenew.com/2022/03/15/5-count-felon-jpmorgan-is-at-the-center-of-a-new-multi-billion-dollar-trading-scandal/

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