When I read about JPM's "manipulative schemes" in the energy markets, I got a serious flashback to my Enron work over a decade ago, because it was Enron's energy market trading manipulations that brought both them and powerhouse accounting firm Arthur Andersen down.
Proving oil-trading manipulation is difficult.
JPMorgan Chase, for example, is under investigation for its disastrous London Whale trades, Libor manipulation, electricity-market manipulation, poor money-laundering controls, mortgage foreclosure practices, and more.
Economies boom when governments remove impediments to production: high taxes, regulations, subsidies, trade barriers, manipulation of the money supply, etc. Removing those should be permanent not temporary measures.
Candidates will be talking tough on trade, currency manipulation, cyberattacks and other issues, vowing they will not let China push us around.
On the other end of the spectrum, you have coercion, where individuals lack any form agency or capital and are directly or indirectly forced into the trade through manipulation or force.
In all of this, and more dealing with the international concerns of fair trade, currency manipulation, and even the occasional impulsiveness of an ally to put our boots on some ground they would like defended even as inevitably the alliance for that defense will then be held up to ridicule as the means by which the U.S. secures western dominance.
Hermès also filed a legal complaint against LVMH for alleged insider trading and manipulation of share price.
There are also complaints about insider trading, stock manipulation, and big investors with government connections, pumping and dumping stocks on small investors.
Normally, the laws against securities fraud are designed to prevent insider trading or manipulation by people who stand to profit through ownership of a stock.
