DOJ, CFTC investigating at least 10 major banks for possible rigging of precious-metals markets

Funny to hear that the CFTC is investigating after learning back in 2012 that an Anonymous JP Morgan whistle blower tells CFTC that JPM manipulates the silver market & conspires in manipulating gold, then just like that the CFTC deletes the whistle blower submission off its website!

Good thing it was posted on here!

  REUTERS-

The U.S. Department of Justice (DoJ) and the Commodity Futures Trading Commission are investigating at least 10 major banks for possible rigging of precious-metals markets, the Wall Street Journal reported, citing people close to the inquiries.

DoJ prosecutors are scrutinizing the price-setting process for gold, silver, platinum and palladium in London, while the CFTC has opened a civil investigation, the newspaper said.

The banks are HSBC Holdings Plc, Bank of Nova Scotia, Barclays Plc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, JPMorgan Chase & Co, Societe Generale, Standard Bank Group Ltd and UBS Group AG, the Journal said.

[REUTERS]

image credit: coinweek.com