However, when the firm complained to HSBC, the bank said it would conduct an internal probe and eventually said it found no wrongdoing. The Financial Times report notes that the DoJ acted in the face of the fact that HSBC had engaged law firm Cleary Gottlieb to review its Forex trades, including the one over which the two traders were charged, and found no violations of its code of conduct.
Plaintiffs, representing a putative class of consumers and business end-users sue several banks for allegedly engaging in an unlawful conspiracy to fix FX benchmark rates. HSBA is under fire over alleged Forex market manipulation again, this time the legal move comes from…. Analysts are bearing down on major banks, saying that their retail entities are shrinking.
This is absolutely the wrong way to look at it as liquid markets such as FX, centralization, technology and electronic trading are the future. Two extra meetings were insufficient for the parties in an FX manipulation lawsuit to agree on evidence and the timing of information delivery.
Tier 1 interbank FX is where it is at — Op Ed Analysts are bearing down on major banks, saying that their retail entities are shrinking. The one and only. Subscribe Leave this field empty if you're human: X US govt makes effort to obtain key evidence in Forex manipulation case. Customers of Interactive Brokers file class action complaint over management of portfolio margin accounts. SEC takes PlexCoin scammers to court over securities laws violations. FX industry exams and certification is finally here: Autochartist Academy goes live.
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