JP Morgan accused of market manipulation in Poland

Author: markw  //  Category: Finance

Poland’s financial and securities regulator KNF said on Friday it had filed a complaint with local prosecutors accusing a “person acting in the name of JP Morgan Securities” of possible market manipulation. A spokesman in London for JP Morgan Securities, a unit of JPMorgan Chase, declined to comment. The complaint is connected with transactions that took place on Nov. 12 when late transactions in what newspapers dubbed a “miracle” fixing session on the Warsaw bourse helped the main WIG20 index .WIG20 recover a good chunk of its losses. More

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