Citi Defends Firing Trader Acquitted In DOJ Forex Case

Law360, London (November 20, 2019, 5:20 PM GMT) -- A former Citibank trader acquitted of manipulating foreign exchange markets used code words to hide his attempts to coordinate trading activity with his peers, a compliance officer with the lender testified on Wednesday at a trial in London over the banker's dismissal.

A former Citibank trader spoke in code to conceal the fact that he was "inappropriately" disclosing confidential information to the bank's rivals, an employment tribunal has been told. (AP) Julian Phipps, Citibank's compliance chief in London for foreign and local markets, told an employment tribunal that former trader Rohan Ramchandani spoke in code to conceal the fact that he was...

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