FERC, the U.S. power regulator, charged JPMorgan Chase & Co. (NYSE:JPM) with gaming electricity prices through eight manipulative bidding strategies. The U.S. Federal Energy Regulatory Commission found JPMorgan’s affiliate using manipulative trading schemes between 2008 and 2011.
JPMorgan Chase’s final settlement by Tuesday
After extensive investigation, the power regulator found JPMorgan Chase & Co. (NYSE:JPM)’s traders used improper bidding tactics in California and the Midwest to enhance profits. According to Reuters report, the final settlement on the issue could be reached by Tuesday.
The "notice of alleged violations," outlining the
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