FX marks the spot: The Tipline for 21 November 2019
The Department of Justice’s go at securing a currency price-fixing trial conviction proved successful yesterday when a New York jury returned a guilty verdict. Last year, a jury before the same court reached a different outcome, acquitting three traders that the Antitrust Division accused of manipulating prices on the US dollar and Euro exchange. Yesterday, a jury before the US District Court for the Southern District of New York sided with the government in finding that former JPMorgan Chase currency trader Akshay Aiyer had conspired to fix prices and rig bids and offers for certain Central and Eastern European, Middle Eastern and African (CEEMEA) currencies.
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