“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:
House Democrat proposes police registration for neighborhood watchmen
Vatican Goes ‘Cash Only’ Because of Lack of Money-Laundering Controls
'We could lose everything': Tea Party groups prepare to sue IRS
Gun ownership gets easier in Texas starting Sunday
Russia sends warship with 'special cargo' toward Syria
FBI increases surveillance of Syrians in U.S.
Australian Mining Companies Are Desperate For Workers And Want To Hire US Veterans
Cop suspended for sex with teen, hosting underage drinking parties
Fed Balance Sheet Hits Record $3 Trillion
Prohibition 2.0: Marijuana Mimics Alcohol
When Border Searches Become Unreasonable
U.S. Government Calls for Limits on Companies' Use of Web Data
Prison Gang Ran Prison, Sold Drugs, Had Sex With Female Officers And Made A Profit
Use commemorative coins to pay down deficit, lawmakers suggest
Manchester officials nab five illegal taxis in sting operation