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Ex-JPMorgan Forex Trader Stuck Facing Conspiracy Charges

Law360, New York (June 3, 2019, 10:20 PM EDT) -- A Manhattan federal judge on Monday denied a onetime JPMorgan trader's attempt to dump charges of bid-rigging and price-fixing conspiracy in the foreign exchange markets, ruling that it was too soon to exclude certain trading behaviors from examination. 

U.S. District Judge John G. Koeltl pelted Akshay Aiyer with questions during oral arguments, dropping not-so-subtle hints that he found the former forex trader's arguments dubious and laying the groundwork for his ultimate ruling that Aiyer couldn't shake off alleged criminal violations for conspiracy to restrain trade under the Sherman Antitrust Act.

"How could I possible say at this point" what behaviors should...

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New York Southern

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May 10, 2018

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