2nd Circle Confirms Trader’s Belief in Forex Rigging

0
By Matthew Perlman (May 2, 2022, 7:30 p.m. EDT) — The Second Circuit on Monday upheld the conviction of a former JPMorgan Chase & Co. currency trader for conspiracy to fix prices, dismissing arguments about the standard which should apply to activities and allegations of juror misconduct.

A Second Circuit panel has issued a unanimous opinion dismissing an appeal by Akshay Aiyer, who was convicted in 2019 of antitrust charges for allegedly working with fellow traders from Barclays, BNP Paribas and Citigroup to settle trades in exchange.

One of the key arguments in Aiyer’s appeal was that the lower court erred in not deciding before trial which legal standard applied to…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

Share.

About Author

Comments are closed.