Whistleblower News: Wall Street Watchdog Unveils Rule To Improve Quality Of Private Hedge Fund Disclosures, J.P. Morgan Traders Convicted Of Fraud Attempted Price Manipulation And Spoofing, Company Admits Undervaluing Merchandise To Avoid Paying Duties

Wall Street watchdog unveils rule to improve quality of private, hedge fund disclosures


The U.S. Securities and Exchange Commission (SEC) will vote to propose a rule that seeks to elevate the quality of disclosures it receives from large private and hedge funds, the agency said on Wednesday, confirming what a source previously told Reuters. read more »

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


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. read more »

Middlesex County Company Admits Undervaluing Merchandise to Avoid Paying U.S. Customs Duties


A Middlesex County, New Jersey, company has entered into a settlement agreement with the United States to resolve allegations that it made false statements to avoid paying customs duties, U.S. Attorney Philip R. Sellinger announced today. read more »