Foreign exchange dealer pleads guilty to US rate fixing charge

By REUTERS
January 12, 2017 22:06

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

WASHINGTON - A foreign exchange dealer who specialized in central and eastern European, Middle Eastern and African currencies has pleaded guilty to conspiring to fix currency prices, the US Department of Justice said on Thursday.

The department identified the trader as Christopher Cummins but did not identify his employer other than saying it is a New York-based financial institution.

He is the second trader to admit guilt in the probe. The first was Jason Katz, a former trader at Barclays who later worked at BNP Paribas SA and who pleaded guilty on Jan. 4.

Related Content

Breaking news
August 17, 2018
Turkish lira weakens to 5.86, U.S. warns of more sanctions

By REUTERS