Our old "friends" over at J P Morgan are back in the news again today and not in a good fashion. It seems that the CFTC is looking deeper into the so-called "Whale" issue which concerned events back in early 2012. Comments out of the CFTC noted that they could use the new Dodd-Frank powers granted to some of the regulatory agencies to charge the firm with "RECKLESS" manipulation. Interesting to say the least....
Morgan is thus far balking at any settlement of the issue which would require them to admit manipulation on their part.
I should also note that the CFTC is focusing on a large build up in Morgan's derivative positions...
I will try to keep you up to date on this development.
Gold and silver thus far are yawning at the news as the "Whale" issue was related to the credit default swaps market.
Popular Posts
-
* How to build your consistency as a trader; * Excellent, thoughtful article : how globalization has outpaced governments' economic ...
-
* What research tells us about elite performance; * How common actually is elite trading success ? * Thanks to a savvy portfolio manager...
-
* Making use of trading journals to identify and change problem patterns in trading ; * Using the body to regulate emotional responses ; *...
-
Every year, those who manage the major commodity indices such as the Goldman Sachs Commodity Index ( GSCI) and the Dow Jones/AIG Commodity I...
-
* The power of programming your own experience ; * Building performance by learning self-regulation ; * Concerns over sovereign debt shoc...
0 comments:
Post a Comment