Search Results for: Forex trader
Three traders were charged with conspiring in forex rigging probe
January 11th, 2017
The U.S. Justice Department on Tuesday brought charges against three former traders at JPMorgan Chase & Co, Citigroup Inc and Barclays Plc arising from a global probe into the manipulation of foreign exchange rates at major banks. Richard Usher, ...
The Federal Reserve Board permanently prohibited former Forex (FX) trader
January 5th, 2017
The Federal Reserve Board on Wednesday announced it is permanently prohibiting Jason Katz, a former foreign exchange (FX) trader at Barclays PLC and later at BNP Paribas SA, from participating in the banking industry, because of his actions to ...
Forex manipulation allegation currency trader settled the case
December 12th, 2016
A Citigroup Inc. currency trader in Tokyo who sued the U.S. bank after it fired him for allegedly trying to manipulate foreign-exchange rates has settled the case. The wrongful-dismissal lawsuit was withdrawn on Nov. 2 after the court-mediated settlement, ...
The small beautiful African country of Malawi said to legalise forex black market traders
August 25th, 2016
The Reserve Bank of Malawi (RBM) has said it will formalise traders selling foreign currency outside the official exchange rate, following pronouncements made by Financial Intelligence Unit (FIU) director Atuweni Juwayeyi Agbermodji that parallel foreign exchange traders need to ...
Two top HSBC currency traders charged in forex probe
July 21st, 2016
A top HSBC executive has been charged with fraud in the US. Mark Johnson, HSBC’s global head of foreign exchange trading was arrested on Tuesday night. A former colleague, Stuart Scott, has also been charged. The two traders are ...
BCSC panel issues lifetime ban against self-employed “Forex” trader
December 9th, 2015
A British Columbia Securities Commission (BCSC) panel has fined and permanently banned Hong Liang Zhong from the province’s capital markets for fraud, unregistered trading and offering clients false guarantees to reimburse them for any losses. In May 2015, the panel found ...
UBS Traders May Be First to Face Sanctions in Forex Probes
December 2nd, 2015
Swiss regulator may issue penalties by the end of the year Finma probed 11 currency, metals traders amid global scandal As many as seven UBS Group AG traders may face sanctions from Switzerland’s financial watchdog in the coming weeks, ...
Forex Probes Caused by Isolated Traders’ Misbehavior, Task Force Chief Says
May 14th, 2015
A few individuals are responsible for a scandal that is costing banks billions A few traders are responsible for the foreign-exchange scandal that is costing banks billions in fines, said the central banker assigned to help restore confidence in ...
NinjaTrader Launches Forex Brokerage Services
April 7th, 2015
NinjaTrader Group, LLC has announced the addition of forex trading to the services available through NinjaTrader Brokerage. Users of the awardwinning NinjaTrader platform can now access the world’s largest and most liquid market directly through a NinjaTrader Brokerage trading ...
U.S. prosecutors offer junior UK traders immunity in forex probe
July 14th, 2014
Prosecutors from the U.S. Department of Justice are offering immunity deals to junior traders in London as they continue to investigate the alleged rigging of foreign exchange rates by banks and senior traders, the Financial Times reported, citing sources. ...
