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Sunday, May 24, 2015 7:37:10 PM
The waters are clearing for FXCM. Soon enough the truth will be known and the savvy investors will be rewarded. The crooks like city and barclays will pay dearly.
http://www.ft.com/cms/s/0/23fa681c-fe73-11e4-be9f-00144feabdc0.html#slide0
............Four banks also agreed to plead guilty to conspiring to fix prices and rig bids in the $5.3tn a day forex market, in what they hope will draw a line under one of the biggest cases of misconduct in banking since the global financial crisis.
Announcing the settlement, the US Department of Justice said that between December 2007 and January 2013, traders at Citigroup, JPMorgan Chase, Barclays and Royal Bank of Scotland who described themselves as “The Cartel” used an exclusive chatroom and coded language to manipulate benchmark exchange rates, “in an effort to increase their profits”.............,
http://www.ft.com/cms/s/0/23fa681c-fe73-11e4-be9f-00144feabdc0.html#slide0
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