Tower Research Capital will pay the largest settlement to date for a spoofing scheme which resulted in $33 million in market losses.
Tag: Department of Justice
Traders from JP Morgan, Barclays and Citi allegedly used chatrooms to rig benchmark exchange rates between 2007 and 2013.
Settlements follow Depart of Justice’s decision to sue Barclays for selling fraudulent loans between 2005 and 2007.
US Department of Justice’s decision to prosecute HSBC for money laundering in 2012, “influenced” by FSA.