"The accord would end probes by the Justice Department, the Commodity Futures Trading Commission and the Securities and Exchange Commission into whether traders on JPMorgan’s precious metals and treasuries desks rigged markets, two of the people said."

So $1B paid will stop further investigations? Meaning it can continue to manipulate and the fee is just the cost of doing business?

If they are making more than a billion from manipulating the markets, the billion dollar fine is part of the business plan.

But where's the law and order? Do the executives and traders get tackled, beaten, strangled and shot a dozen times in the back? Nope. Their employer gets fined and they keep their paychecks and bonuses.

The shareholders of JP Morgan are paying the fine. Not the bad actors behind the market abuse.

JPM probably made a lot more than that fine. First week orientation in my friend's MBA program before classes started was a session about ethics. He thought it would be about being ethical, but the professor said as businesses for any risky decision they should weigh potential profit versus penalty/punishment, because if it makes financial sense to pursue something, even an unethical endeavor, any penalties/fines are justified.

How much did they make from it?

You use italics for the word “billion” but JPMorgan doesn’t.

If companies can get away with repeatedly breaking the rules then it is not forbidden. Just taxed in the form of fines.