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(Kitco News) - Three traders charged with manipulating precious metals markets for nearly a decade could be only the start of a larger market-wide crackdown on previously-unchecked illegal market behavior.

According to media reports, federal prosecutors and regulators are intensifying their investigations of allegedly fraudulent precious metals trades at J.P. Morgan Chase to other U.S. markets and financial firms.

According to CNBC, the size of the investigations has grown to the point where the Justice Department expects to add personnel to help with the investigations and prosecutions of cases.

The investigations have grown in part due to information received from traders questioned for spoofing-related charges. The expanded investigation also comes after James McDonald, director of enforcement at the Commodity Futures Trading Commission (CFTC), said earlier in the week that he is committed to vigorously pursue all forms of misconduct that have the potential to undermine the integrity of our markets.

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