J.P. Morgan’s proposed copper ETF has been hit with another legal obstacle, reports Barron’s.

According to the publication, ”Southwire Co., the largest U.S. producer of copper wire, and Encore Wire (WIRE), another wire firm, launched a legal challenge to the creation of JPMorgan Chase’s (JPM) copper ETF, citing worries over 'an investor-financed squeeze of the market,' reports the Wall Street Journal’s Matt Day. The effort specifically asks for a review of regulators’ decision in December to approve the JPM XF Physical Copper Trust ETF."

Read more about the latest headache in Barron’s.  

Edited by: Tommy Fernandez


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