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First to be tried on charges of manipulating pound in advance of client's forex conversion

Ex-HSBC currency trader convicted of fraud for front-running US$3.5B exchange order


By -- Financial Post —— Bio and Archives--October 23, 2017

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Former HSBC Holdings PLC currency trader Mark Johnson was found guilty of fraud for front-running a US$3.5 billion client order, a victory for U.S. prosecutors as they seek to root out misconduct in global financial markets.

He was convicted on Monday of nine out of 10 fraud and conspiracy counts after a month-long trial in Brooklyn, N.Y.—More…



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