Japan suspends JP Morgan
JP Morgan Securities Asia suspended from trading stock index futures
Japan's Financial Services Agency (FSA) suspended JP Morgan Securities Asia from trading all stock index futures for 15 working days from March 10 after a trader at the firm was found to have made Tokyo Stock Price Index (Topix) futures trades that violated the Securities and Exchange Law.
A statement by the regulator said that on November 4, 2004, a trader entered a series of buy and sell orders at the same index point and matched the orders to each other. Hence, JP Morgan conducted cross trades
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