http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
Currency Manipulation Conspiracies
According to Reuters/UK investigators are using an old tactic in gaining evidence about currency manipulation conspiracies within UK banks. Informants in a Forex probe are employees who have chosen to turn states evidence, so to speak, to rat out their coworkers.
U.S. investigators have turned several bank employees into informants to gather evidence against some of their colleagues in the probe of possible manipulation of currency markets, the Wall Street Journal reported, citing people familiar with the matter.
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.
This investigation of currency manipulation conspiracies has been going on for months. It turns out that it was not just a couple of traders who conspired to fix Forex rates but many traders who met in online chat rooms and used other means to rig the Forex market.
How Do Currency Manipulation Conspiracies Hurt Individual Traders?
A common way that investors are hurt by in house Forex conspiracies is by rigging fees and commissions as well as by making in house trades that favor the trading house and not the investor. For those who trade their own money currency manipulation conspiracies cut into profits and cause losses. Every Forex trade, in the end, there is a winner and there is a loser. When there are currency manipulation conspiracies by traders or trading houses, regular traders commonly end up losing money.
How Long Did This Last?
According to Bloomberg the scope of the BOE probe includes 2005 to 2013 and has started out being narrow with the likelihood of broadening as more information is gained.
The U.K. central bank called for an investigation after a senior trader turned over notes of an April 2012 meeting in which BOE officials were said to have told dealers it wasn’t improper to share impending customer orders with counterparts at other firms, a practice at the heart of a global probe into alleged manipulation. The BOE said at the time its review would be broader than that one meeting and examine whether staff knew of wrongdoing between July 2005 and December 2013.
The underlying point is that currency manipulation conspiracies with consequences for outside traders went on for nearly a decade. Even if trade by trade losses were moderate the total sum or losses for those hurt by these currency manipulation conspiracies was substantial.
Digging Deeper
When people engage in currency manipulation conspiracies they can often do so in a way that is hard to untangle. Here is where intent to commit wrong doing can be hard to prove.
2. According to Reuters/UK
investigators are using an old tactic in
gaining evidence about currency
manipulation conspiracies within UK
banks.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
3. Informants in a Forex probe are
employees who have chosen to turn
states evidence, so to speak, to rat out
their coworkers.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
4. Before We Continue…
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http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
5. U.S. investigators have turned
several bank employees into
informants to gather evidence
against some of their colleagues in
the probe of possible manipulation of
currency markets, the Wall Street
Journal reported, citing people
familiar with the matter.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
6. 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.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
7. This investigation of currency
manipulation conspiracies has been
going on for months.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
8. It turns out that it was not just a
couple of traders who conspired to fix
Forex rates but many traders who met
in online chat rooms and used other
means to rig the Forex market.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
9. How Do Currency
Manipulation Conspiracies
Hurt Individual Traders?
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
10. A common way that investors are hurt
by in house Forex conspiracies is by
rigging fees and commissions as well
as by making in house trades that
favor the trading house and not the
investor.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
11. For those who trade their own money
currency manipulation conspiracies
cut into profits and cause losses.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
12. Every Forex trade, in the end, there is
a winner and there is a loser.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
13. When there are currency
manipulation conspiracies by traders
or trading houses, regular traders
commonly end up losing money.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
14. How Long Did This Last?
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
15. According to Bloomberg the scope of
the BOE probe includes 2005 to
2013 and has started out being
narrow with the likelihood of
broadening as more information is
gained.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
16. The U.K. central bank called for an
investigation after a senior trader
turned over notes of an April 2012
meeting in which BOE officials were
said to have told dealers it wasn’t
improper to share impending
customer orders with counterparts at
other firms, a practice at the heart of
a global probe into alleged
manipulation.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
17. The BOE said at the time its review
would be broader than that one
meeting and examine whether staff
knew of wrongdoing between July
2005 and December 2013.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
18. The underlying point is that currency
manipulation conspiracies with
consequences for outside traders went
on for nearly a decade.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
19. Even if trade by trade losses were
moderate the total sum or losses for
those hurt by these currency
manipulation conspiracies was
substantial.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
21. When people engage in currency
manipulation conspiracies they can
often do so in a way that is hard to
untangle.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
22. Here is where intent to commit wrong
doing can be hard to prove.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
23. According to the Wall Street Journal
the ongoing foreign exchange
probe is using turned bank
employees to develop and prove their
case.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
24. Justice Department prosecutors and
Federal Bureau of Investigation
agents have “flipped” a number of
bank employees who remained at
their jobs
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
25. Secretly gathering evidence against
their colleagues by engaging in
exchanges with suspects about
possible crimes and recording them,
these people said.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
26. This sort of investigation may drag on
for a long time and it is unclear how
far and how high the trail might go.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
27. In the meantime the Justice
Department is promising that some
individuals be charged as early as next
month.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
28. One can only hope that the threat of
prosecution has made others pull
back from currency manipulation
conspiracies so that the market can
function fairly and normally.
http://www.forexconspiracyreport.com/currency-manipulation-conspiracies/
