Your browser is: WebKit 537.36. This browser is out of date so some features on this site might break. Try a different browser or update this browser. Learn more.
City Of London

Ex-JPMorgan Trader Accused of Spoofing Says He Was Wrongly Fired

JPMorgan Chase & Co. company's offices in New York.

Photographer: Michael Nagle/Bloomberg

Takeaways by Bloomberg AI

An ex-JPMorgan Chase & Co. commodities trader sued the investment bank for unfair dismissal, alleging he was wrongly accused of spoofing cocoa trades to “appease” regulators.

Phil Remillard filed the claim at a London employment tribunal, saying JPMorgan had chosen to take a tougher approach to trading activity after the spoofing scandal at the bank. He’s suing to get his old job back — pursuing the same argument employed by Remillard’s ex-colleague Bradley Jones, who won a tribunal ruling over alleged spoofing and more than £1.6 million ($2 million) in back pay.