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JP Morgan Jamie Dimon

Spreadsheet Ranger

By Spreadsheet Ranger
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Spreadsheet Ranger

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In a SEC regulated paradigm, this would be called Market Manipulation.

 

Dimon also said he'd "fire in a second" any JP Morgan trader who was trading bitcoin, noting two reasons: "It's against our rules and they are stupid." He also said it was a fraud. Yet JPM were the biggest buyers of Bitcoin yesterday.

 

I’m surprised that today there isn’t a class action law suit sitting at the gates of JPM. Did Jamie change the rules? Did he inform JPM board members and stockholders what these rules were or that they had changed? Did they participate in this so-called “fraud”? What does that mean for them as a public ally traded company?

 

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