Former JPMorgan Trader Convicted of Price Fixing in FX Market Akshay Aiyer was a former Executive Director at JPMorgan.
London Court Hears £1B Forex-Rigging Case Against Five Banks Scott + Scott, which led the litigation that generated $2.3 billion in US, is representing the investors in the ...
FX Trader Sues Citi for Framing Him to Appease Regulators Seeking $112 million, Ramchandani is the latest FX trader to sue Citi in the aftermath of the market-manipulation scandal.
Court Dismisses Some FX Rigging Claims Against Credit Suisse The investors believe the banks manipulated either the price for bids, offers, or spreads for currency spot trades.
Canada Regulator Fines RBC and TD Bank $24M in FX Rig Cases FX traders at both banks shared trade sizes, timing, price, stop-loss levels in chatrooms
South Africa Regulators Need More Proofs in Rand Rigging Case The competition tribunal also refused request to dismiss the cases against banks because of lack of evidence
Maurice Blackburn Launches Suit Against FX ‘Cartel’ Scandal UBS, Royal Bank of Scotland, JPMorgan, Citibank, and Barclays were named in the class action.
Global Banks Hit by EU Antitrust Fines on FX Abuses While the EU’s investigation has lagged behind, other regulators imposed up to $10 billion in penalties.
‘Cartel’ Traders Walk Free After Cleared in Forex Rigging Trial The London-based trio allegedly created a chat group to manipulate the prices of currency exchange rates.
Former London-Based Forex Traders Wait for Verdict on Collusion Charges The defense of the three accused men argued that their chats did not break the law.
Ex-Barclays FX Trader Urges Court to Toss HP Front-Running Charges Prosecutors allege Bogucki placed trades ahead of HP sales to depress the price of the company’s options.
Ex-HSBC FX Trader Mark Johnson Released on Bail, Returns to UK Johnson was sentenced to two years in prison in April for devising a scheme to manipulate the price of ...
Deutsche Bank Fined $205 Million by NY Regulator over Forex Violations The US authorities opened its FX probe of Deutsche in 2014, focusing on conduct using their electronic trading platforms.
Brazil Watchdog fines Morgan Stanley, RBC Fined $11M for Rigging Real Spreads In 2015, Cade accused a total of 15 banks of colluding to manipulate benchmark currency rates in Brazil.
Goldman Sachs Fined $110 Million to Settle New York FX Probe Goldman's traders shared confidential information about FX orders placed by a customer referred to as “Satan.”
FX Rigging Trial to Begin Next Year in South Africa as Regulator Needs More The South African watchdog will allow the legal processes initiated to run their course early 2019.
London ‘Cartel’ Traders Petition US Court to Dismiss FX Rigging Charges The indictment accuses the trio with conspiring to restrain trade from the end of 2007 through the beginning of ...
BNP Paribas Agrees to $90 Million Penalty in Settlement over Rigging of FX Markets The move makes BNP one of the last big banks to reach a settlement for FX rigging.
EU FX Probe Nears Conclusion as Major Banks Negotiate Settlement A settlement with each of the eight banks in the alleged cartel is expected in the next few months.
Credit Suisse Fined $135 Million by New York Watchdog for Rigging FX Market In one example cited by DFS, traders in the bank's eFX unit used algorithm to front-run clients' stop-loss orders.