Or suspension of JP Morgan silver price manipulation case investigation

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According to the British "Financial Times, August 6, citing people familiar with the U.S. Commodity Futures Trading Commission (CFTC) may be the end of the four-year investigation there may be manipulation of the silver market, because the agency failed to grasp enoughevidence can not be sued.

 

The case of manipulation "suspect" for JP Morgan Chase and other large institutions. Silver investors charged that in the period from 2008 to early 2010, JP Morgan Chase and other institutions have big short silver futures, silver futures prices resulting in more than two years time, several large fluctuations.

 

Investigation "insufficient evidence"

 

According to reports, the three insider said, the CFTC staff did not find enough evidence to sue institutions such as JP Morgan Chase. Part of the external consultant has found that certain institutional trading data is unusual, but the CFTC believes that this issue needs more analysis. The five members of the CFTC has not yet officially confirmed the findings, the agency may instruct its staff to expand more in-depth investigation.

 

In 2010, part of the precious metals investors and futures traders filed a lawsuit in Manhattan federal court, alleging JP Morgan Chase and HSBC Holdings and other agencies to suppress silver futures prices. According to the prosecution announced by the U.S. federal court in Manhattan, since March 2008, these two institutions alleged to inform each other of the large transactions conspiracy to manipulate the silver market by issuing fraudulent orders to deliberately depress the prices of silver futures, and from profit. In 2010, the CFTC Commissioner Bart Qieer Dun also said that the practice of "fraud" means "improper control" the price of silver does exist on the market.

 

As early as September 2008, CFTC announced that there are allegations of misconduct investigation is the silver market. In 2011, the CFTC said that since the investigation began, the agency has carried out analysis of more than 100,000 documents and interviewed several witnesses, one of the evidence, including records from JP Morgan Chase.

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