“A U.K. financial regulator has fined Barclays (BCS) $43.8 million after it accused a former trader at the bank of improperly influencing gold prices. The British bank will be fined £26 million ($43.8 million) for failures that allowed trader Daniel James Plunkett to exploit the weaknesses in Barclays’ systems and controls to seek to influence the price of gold, which allowed the firm to ‘profit at a customer’s expense,’ according to a news release. The fine was handed down by the Financial Conduct Authority. Separately, Plunkett was fined £95,600, or about $161,000.”
http://features.blogs.fortune.cnn.com/2014/05/23/barclays-fined-44-million-over-gold-price-fixing/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
There They Go Again: Fed Officials Give Rate Timetables
The Rush to Tap Myanmar's Energy Promise
Junior mining stocks see record insider buying
When is a coup not a coup?
Pakistan’s Musharraf charged over murder of opposition leader Benazir Bhutto
Israel taking steps to mobilize up to 75,000 reservists
Brazil’s latest WhatsApp ban pushes users to other encrypted messaging apps
What Venezuelan savers can teach everyone else
China-U.S. Visa Deal a Problem for U.S. Immigration Consultants
Pharma firms paid East German state to test drugs on population
Retired EPA attorney leads the opposition to 'smart meters' in Maryland
Famed Trader Joe Lewis Backs Bitcoin With Swiss Fund
California's Solar Mandate Raises Housing And Energy Prices Without Reducing CO2
Why Does The Government Treat Immigrant Kids Cruelly? Because It Can
NSA: Snowden was just doing his job