Just a few days ago said Bart Chilton, a senior member of the U.S. Commodity Futures Trading Commission regulations (CFTC), the first time publicly that the allegations continue to be justified in relation to the manipulation of certain classes of raw materials in recent years. In the last 48 hours have been filed in New York two separate charges against the two big banks. As a plaintiff to prove one of two independent active traders in COMEX Brian Beatty and Peter Laskaris, who claim false orders from JPMorgan and HSBC in the silver market, thought to have been harmed financially.
The second lawsuit is based on reports from one of the employees in London working for JPMorgan. According to him, both JPMorgan and HSBC have been involved in the investigation two years of U.S. government regulation, which aims to analyze whether the silver market is manipulated by big players in the past. If the allegations are proven durable, must also come to the U.S. regulators in the future a lot of legal trouble, because everyone can join a lawsuit filed.
Banks accused of manipulating according to court documents filed in recent years with the level of fraud is on the order of the silver market. This course is often so great has been placed on the market, which shortly before their execution, however, pulled back. If the plaintiffs alleged they were in their court case to prove, will increase with the sentence the defendant banks are high, because they avoid the anti-monopoly law will make the punished.
