015: Market Manipulation Charges Against JP Morgan

Situation

Traders at a large U.S. bank engaged in market manipulation tactics, endemic to the industry, that went on for decades. Regulators discovered the practice and brought action against several traders and the bank, leading to a massive fine for the bank and significant legal exposure for the individuals involved. 

The information in this case study comes from the company’s website, a Department of Justice press release and related articles.