JP Morgan Fined By London Stock Exchange
JP Morgan has been fined £350,000 by the London Stock Exchange (LSE) following attempts by two equity derivatives traders to lower the FT-SE 100 index by shorting individual stocks. The bank has sacked the two traders involved and tightened its trading supervision procedures in the wake of the incident.
A spokesperson for JP Morgan says the bank co-operated with the LSE's investigations and has
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