Analyst predict the US regulator of Power Markets will likely pursue charges against JP Morgan Chase & Co. for manipulation after the New York Times got their hands on a document basically summarizing the case. The Times reported that they reviewed a 70 page document from the U.S. Federal Energy Regulatory Commission (FERC) to JP Morgan in March which claimed that the bank had manipulated markets in both California and Michigan in 2010 and 2011. FERC was very interested in JP Morgan’s trading activities and have been openly pursuing enquiry since last summer. Hopefully they dont get hit with the same type of penalties its competitor Barclays suffered at $470 Million. Hit the jump for more.
PaulDaPro

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