Former-HSBC FX Head Facing Trial for Exploiting Currency Trades

[kreslik.news]

Former HSBC foreign exchange head Mark Johnson has come under fire after being accused of mishandling and exploiting confidential information. The ex-Global Head of FX Trading is due to face trial following a four-week process, per an FT report.

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The case holds particular relevance for future indictments given the legality surrounding Mr. Johnson’s behavior. As such, the fallout could serve as a litmus test for future currency manipulation cases. Mr. Johnson was seized at JFK airport despite being a UK citizen.

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