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Legal Action Against U.S. Securities Commission for JPMorgan Chase’s Copper ETF
Feb. 14, 2013 09:04AM PST
Base Metals Investing Mining Weekly reported that copper makers Southwire and Encore Wire are pursuing legal action against the U.S Securities & Exchange Commission over their recent approval of JPMorgan Chase & Co’s physically backed copper ETF.
Mining Weekly reported that copper makers Southwire and Encore Wire are pursuing legal action against the U.S Securities & Exchange Commission over their recent approval of JPMorgan Chase & Co’s physically backed copper ETF.
As quoted in the market report:
The companies, which say the copper ETF will inflate prices for the metal and distort supplies, filed a notice of appeal on Tuesday asking the US Court of Appeals in Washington DC.
