Search Results for: forex manipulation
Is Deutsche Bank’s Gold Manipulation The Main Scam Or Just A Side-Show?
April 18th, 2016
For years now, the easiest way to finesse a debate over whether precious metals markets are manipulated has been to say, “well, if they’re not manipulated they’re the only market that isn’t.” That was unsatisfying, though, because as the ...
Israeli internet companies offering binary options and forex are coming under scrutiny
April 11th, 2016
Scam trading is ‘dark side’ of Israel tech leap Israeli internet companies offering customers around the world the opportunity to trade in “binary options” and speculate on currency fluctuations – the “forex” markets – are coming under scrutiny. Many ...
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 Scandal Drives Shift to Algo Trading
September 29th, 2015
Banks are increasingly turning to computer programs to carry out foreign exchange trades After paying billions in fines to settle allegations that traders tried to rig a key currency benchmark, banks are increasingly turning to computer programs to carry ...
Forex Broker FX World Under Investigation by City of London Police
July 16th, 2015
Currencies-trading firm’s license was suspended in June, says FCA The City of London police are conducting a fraud investigation into currencies-trading firm FX World, according to a person familiar with the matter. “ are investigating a foreign-exchange company in ...
UBS signs whistleblower deal with Brazil to avoid punishments in Forex rigging case
July 7th, 2015
Swiss bank UBS has signed a leniency agreement with Brazilian authorities to avoid punishment in the alleged rigging of the country’s currency market. Local newspaper Valor Econômico reported that UBS signed an agreement with Brazil’s antitrust watchdog, the Council ...
Banks’ Civil Forex Settlements Near $2 Billion
June 18th, 2015
Barclays, BNP Paribas, Goldman Sachs and HSBC recently signed agreements to settle case The total amount paid by banks to settle a civil lawsuit tied to allegations traders manipulated the currency market has now reached almost $2 billion following ...
Banks Said to Go to Legal Big Five in S. African Forex Probe
May 22nd, 2015
Banks under investigation in South Africa over alleged currency manipulation have hired the largest law firms in the country to advise them on the probe. Bowman Gilfillan, ENSafrica and Webber Wentzel, three of the so-called Big Five legal firms, ...
U.S. SEC a stumbling block in banks’ forex guilty pleas – sources
May 15th, 2015
Banks want assurances from U.S. regulators that they will not be barred from certain businesses before agreeing to plead guilty to criminal charges over the manipulation of foreign exchange rates, causing a delay in multibillion-dollar settlements, people familiar with ...
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 ...
