Arrest of two former leading FX-traders

Arrest of two former leading FX-traders

The Financial Times reports, that two former leading FX-traders were arrested because of their involvement in the Forex Manipulation Scandal. They are accused of making $8m in profits and fees by “front running” a client’s $3.5bn foreign exchange trade.

Mark Johnson (UK) and Stuart Scott (UK) were heads of global and EU forex currency trading departments for HSBC.