US indicts three in FX probe

us-justice-shutterstock — Paying the price: banks have forked out almost $12 billion in criminal and civil fines in the FX scandal

- By Laura Matthews
- 11 Jan 2017

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Three former foreign exchange traders who worked at some of the world's largest banks were indicted yesterday (January 10) on a conspiracy charge to manipulate EUR/USD, one of the most actively traded currency pairs, and eliminate competition.

The one-count indictment filed in the US District Court for the Southern District of New York marks a big win for the US Department of Justice (DoJ), which has vowed to hold individuals accountable for corporate misconduct amid the alleged years-long

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@fx-markets.com