Posts Tagged ‘FCA’

FX Firms’ Employees Helping FCA And FBI To Investigate Forex Probe

by Forex Rooton September 15, 2014 12:20 pm BST
Britain’s Financial Conduct Authority (FCA) and U.S. regulators are investigating allegations that dealers at major banks colluded and manipulated key reference rates in the $5.3 trillion-a-day foreign currency market, the world’s biggest and least regulated. Investigators from the U.S. Justice Department and Federal Bureau of Investigation (FBI) are preparing to seek criminal charges against individual […]

SFO Investigates Price Rigging in Forex Market

by Forex Rooton July 22, 2014 12:07 pm BST
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 international agencies are investigating allegations of collusion and price manipulation. It is alleged that […]

Rangold Resources Open to Gold Fixing Alternative; GOLD Turning Bearish

by Christopher Lemieuxon May 26, 2014 9:20 am BST
Rangold Resources Ltd. (GOLD) has used the now-infamous London gold fixing for nearly two decades and is open to gold pricing alternatives as a benchmark for the gold markets. Mark Bristow, Rangold’s chief executive officer, said “the nice thing about the gold fixing is that it takes into account the market. It’s a logical process.” […]

The London Gold Fixing Fixed: Barclays Fined £26M for Gold Manipulation After LIBOR Scandal

by Christopher Lemieuxon May 23, 2014 12:11 pm BST
The London gold fixing is a pricing ritual that dates back over a century, but regulators are probing the practice to gain further understanding on how the fixing is conducted and whether manipulation was present. The Financial Conduct Authority (FCA) has been visiting each participating member bank in order to evaluate practices. Barclays, one of […]