“Trunz, who earlier today resigned from his position as an executive director at J.P. Morgan, said he “learned to spoof from more senior traders, and spoofed with the knowledge and consent of his supervisors,” according to the Department of Justice.”<p>Seems like a systemic issue and this guy is just a little fish in the sea
> pleaded guilty Tuesday to criminal charges of manipulating the precious metals markets for nine years.<p>> Christian Trunz, 34, of London<p>Started off pretty early...
The newsworthy aspect of this article is the trader's claim that his illegal activity was sanctioned by his supervisors at a large financial institution. The fact that a spoofer was caught and punished isn't news as that happens on a daily basis.
When behavior becomes so common that it is normalized. A common phenom of corporate culture, see the Boeing 737 Max thread for a good discussion of this pervasive issue with corporations/capitalism: <a href="https://news.ycombinator.com/item?id=20552054" rel="nofollow">https://news.ycombinator.com/item?id=20552054</a>