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Manipulation of pricing, market, etc.

Gold Bars

On June 25, 2019, the Department of Justice (DOJ) announced a non-prosecution agreement with Merrill Lynch Commodities, Inc. in connection with a criminal investigation of the company. The complaint for this class action takes up its findings and brings suit against Merrill Lynch, its parent company Bank of American Corporation, and individuals on behalf of investors who suffered from the companies’ behavior. The issue is the manipulation of prices for precious metals futures contracts via a scheme called “spoofing.”