JP Morgan Loses UK London Employment Tribunals Case & to Compensate ex-JP Morgan Trader Phil Remillard for Unfair Dismissal in 2022, Phil Remillard as Agricultural Trader Allegedly Engaged in Spoofing of Cocoa (Market Manipulation by Creating Buy & Sell Orders to Create False Demand & Supply) in 2018, Employed as JP Morgan Trader from 2016 to 2022 in London, New York & Singapore, United States Fined JP Morgan $920 Million for Spoofing of Precious Metals in 2020
21st May 2025 | Hong Kong
JP Morgan has lost a UK London Employment Tribunals case, and will compensate ex-JP Morgan trader Phil Remillard for unfair dismissal in 2022. Phil Remillard as a JP Morgan agricultural trader had allegedly engaged in spoofing of cocoa (Market Manipulation by creating buy & sell orders to create false demand & supply) in 2018. Phil Remillard was employed as JP Morgan trader from 2016 to 2022 in London, New York & Singapore. In 2020, United States Department of Justice fined JP Morgan $920 million for spoofing of precious metals. Judgement: “The judgment of the Tribunal is that: – 1. the Claimant’s dismissal was procedurally unfair because of the Respondent’s failure to disclose to him, during the disciplinary process, documents which he was entitled to see; 2. the dismissal was also unfair because of the unreasonable delay in providing the Claimant with the outcome of the disciplinary process; 3. in relation to the Polkey issue, there was a 95% chance that the Claimant would have been dismissed, had there been no procedural unfairness; 4. the Claimant contributed to his dismissal by his own conduct; the level of any reduction to compensation on this ground will be determined at the remedy hearing.” Judgement by UK London Employment Tribunals | Case
“ JP Morgan Loses UK London Employment Tribunals Case & to Compensate ex-JP Morgan Trader Phil Remillard for Unfair Dismissal in 2022, Phil Remillard as Agricultural Trader Allegedly Engaged in Spoofing of Cocoa (Market Manipulation by Creating Buy & Sell Orders to Create False Demand & Supply) in 2018, Employed as JP Morgan Trader from 2016 to 2022 in London, New York & Singapore, United States Fined JP Morgan $920 Million for Spoofing of Precious Metals in 2020 “
JP Morgan Loses UK London Employment Tribunals Case & to Compensate ex-JP Morgan Trader Phil Remillard for Unfair Dismissal in 2022, Phil Remillard as Agricultural Trader Allegedly Engaged in Spoofing of Cocoa (Market Manipulation by Creating Buy & Sell Orders to Create False Demand & Supply) in 2018, Employed as JP Morgan Trader from 2016 to 2022 in London, New York & Singapore, United States Fined JP Morgan $920 Million for Spoofing of Precious Metals in 2020
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