Former Barclays trader banned by Fed

US Fed — Federal Reserve: Michael Weston has agreed to the enforcement action

- By Alessandro Aimone
- @aimoneale
- 25 Jul 2017

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A former Barclays foreign exchange trader was banned permanently from working in the banking industry by the Federal Reserve Board (FRB) on July 24, for engaging in co-ordinated trading with competitors and disclosing confidential information.

Michael Weston, a former FX trader in New York, communicated confidential information of Barclays and its customers to traders at other financial institutions, and used chatrooms on electronic messaging platforms to co-ordinate the trading of certain

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