2nd Circle Confirms Trader’s Belief in Forex Rigging

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…

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