JPMorgan Chase & Co. must face a suit from a former trader who claims he was fired for cooperating with US prosecutors probing illegal spoof trades at the bank’s precious-metals trading business, a federal judge in New York ruled.
Donald Turnbull was fired in 2019, at a time when the bank also was cooperating with the government probe. JPMorgan, the largest US bank, agreed in 2020 to pay more than $920 million to resolve government claims that its trading desks were spoofing markets in precious metals and treasuries.
US District Judge John G. Koeltl rejected JPMorgan’s request to dismiss the ...
