INTERNAL VOICE: SFO investigates price rigging in foreign exchange market

INTERNAL VOICE

I am no G-string fascist (and considering the image my mind conjures up of a "G-string fascist" is that of Michelle "Bombshell" McGee – Jesse James's former mistress, whose hobbies included sporting Nazi paraphernalia and posing for allegedly erotic photos, often at the same time – I'm now 200% sure I'm not one.) I don't understand how on earth anal dental floss became the de rigeur sexy outfit

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SFO investigates price rigging in foreign exchange market

Monday, 21 July 2014 0 comments Labels: SFO investigates price rigging in foreign exchange market

The Serious Fraud Office (SFO) has launched a criminal investigation into allegations of price rigging in the £3tn-a-day foreign exchange market. The probe will look into allegations of "fraudulent conduct", the director of the SFO said in a statement. Around 15 authorities internationally are investigating allegations of collusion and price manipulation. It is alleged that traders used online chatrooms to plan the fixing of benchmark prices. The Financial Conduct Authority (FCA) said in October it had joined other regulators around the world in scrutinising firms over the potential manipulation of the foreign exchange market.