{"id":33422,"date":"2014-07-21T16:52:02","date_gmt":"2014-07-21T16:52:02","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=33422"},"modified":"2014-07-21T16:52:02","modified_gmt":"2014-07-21T16:52:02","slug":"sfo-investigates-price-rigging-in-foreign-exchange-market","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/07\/sfo-investigates-price-rigging-in-foreign-exchange-market\/","title":{"rendered":"SFO investigates price rigging in foreign exchange market"},"content":{"rendered":"
The Serious Fraud Office (SFO) has launched a criminal investigation into allegations of price rigging in the \u00a33tn-a-day foreign exchange market.<\/p>\n
The probe will look into allegations of “fraudulent conduct”, the director of the SFO\u00a0said in a statement.<\/a><\/p>\n Around 15 international agencies are investigating allegations of collusion and price manipulation.<\/p>\n It is alleged that traders used online chatrooms to plan the fixing of benchmark prices.<\/p>\n The Financial Conduct Authority (FCA) said in October it had joined other regulators around the world in scrutinising firms over the potential manipulation of the foreign exchange market.<\/p>\n