HSBC Forex trading head Mark Johnson pleads not guilty in first criminal charges from DoJ FX probe LeapRate

HSBC Forex trading head Mark Johnson pleads not guilty in first criminal charges from DoJ FX probe

Former HSBC Holdings plc (ADR) (NYSE:HSBC) global head of foreign exchange cash trading Mark Johnson pleaded not guilty today in U.S. criminal court to charges that he participated in a fraudulent scheme to front-run a $3.5 billion currency transaction by one of the bank's clients. Mark Johnson was arrested in July and became the first person to…

July 20, 2016 BY Mike Fox

HSBC Forex head arrested in New York; first person to be charged in DoJ's FX probes

Bank Forex executive Mark Johnson, HSBC's global head of foreign exchange cash trading in London has reportedly been arrested at New York's John F. Kennedy airport, charged with front-running customer orders. According to press reports, Mr. Johnson has become the first person to be charged in the Justice Department's three-year probe into forex rigging at global banks. He…

Tag: Mark Johnson

HSBC Forex trading head Mark Johnson pleads not guilty in first criminal charges from DoJ FX probe

HSBC Forex head arrested in New York; first person to be charged in DoJ's FX probes

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