A four-year investigation by the Commodity Futures Trading Commission into misconduct in the silver market will likely be dropped due to a lack of evidence, the Financial Times reports. However, the CFTC has not officially concluded the probe. Some U.S. silver investors allege that JPMorgan and other large investment banks conspired to drive down the price of silver.
The investigation, which has been going on since 2008, has led the CFTC to analyze more than 100,000 documents. The CFTC's inquiries into the silver market in 2004 and 2008 did not uncover evidence of wrongdoing.
For the full story.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
