July 20, 2016 BY Mike Fox

The Fed bars former Forex trader from banking industry for his manipulation of benchmarks

The Federal Reserve Board announced yesterday it is prohibiting a former FX trader from participating in the banking industry for his manipulation of FX pricing benchmarks. Matthew Gardiner, a former FX trader at Barclays PLC and at UBS AG, used electronic chat rooms to coordinate FX trading, facilitate manipulation of FX pricing benchmarks, disclose confidential customer information…

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