Tag: Morgan Stanley

Michael Nowak and other J.P. Morgan Traders Convicted of Fraud, Attempted Price Manipulation, Spoofing in Multi-Year Market Manipulation Scheme

Aug 10, 2022. A federal jury in the Northern District of Illinois convicted two former precious metals traders at JPMorgan Chase & Co. (JPMorgan) today of fraud, attempted price manipulation, and spoofing in a multi-year market manipulation scheme of precious metals futures contracts that spanned over eight years and involved thousands of unlawful trading sequences. According to court documents and…

Corporate home buyouts: homelessness, mortgage & rent crisis rising

Firms now control a significant portion of the rental market in the United States and Canada, raising rents in the service of turning profits. They also continue to receive tax breaks and subsidies. When the US federal government forecloses on homes due to residents’ inability to pay their mortgage, for instance, the homes are then resold to investment firms at…