JPMorgan Cheats Pension Funds

JPMorgan manipulates foreign transactions of client, The Louisiana Municipal Police Employees’ Retirement System, in order to maximize JPMorgan’s profits to the detriment of pension funds.

“JPMorgan’s scheme allowed it, in violation of its contractual and fiduciary obligations, to extract hundreds of millions of dollars in illicit risk free profits from its clients under the guise of FX trading,” according to the complaint.

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