GABAI

Mon, 25 Sep 2017 08:03:12 GMT

Daily Nation

Thousands of online forex traders face CMA crackdown
Daily Nation
To be registered, the forex dealers must raise Sh50 million in minimum capital, a requirement aimed at protecting consumers. Foreign dealers wishing to trade in Kenya will also be required to maintain an equivalent of Sh40 million of their capital ...

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Mon, 25 Sep 2017 18:02:00 GMT

Financial Times

Ex-HSBC forex trader goes on trial in New York
Financial Times
The British banker on trial in the US on charges he schemed to front-run a $3.5bn currency deal “threw his client under a bus to make more and more money”, prosecutors argued on Monday. Mark Johnson, the former global head of forex cash trading at ...
HSBC Currency Trader's 'Expert' Skills Used in Fraud, US SaysBloomberg

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Mon, 25 Sep 2017 18:45:27 GMT

The HSBC forex trader on trail for front-running isn't doing the industry an favors
ForexLive
Mark Johnson was the former global head of foreign exchange cash trading at HSBC and has pleaded not guilty to front-running a $3.5 billion trade from a client. The case started today and he told jurors that his client had acted in a manner that was ...

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