Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By NESARA
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

Stage3Alpha:

Saturday, November 1, 2014 13:33

% of readers think this story is Fact. Add your two cents.

Stage3Alpha:

THE WORLD WIDE FOREX PROBE MAP!!!!!! (COUNTRY BY COUNTRY INVESTIGATIONS)

Posted by EXOGEN on November 1, 2014 at 8:49am

http://www.bloomberg.com/infographics/2014-08-13/forex-investigation-a-global-affair.html

EXOGEN THIS MAP WILL GIVE YOU A GOOD IDEA OF WHAT IS REALLY GOING ON

WHAT IS THE FOREX PROBE? (DETAILED EXPLANATION)

Posted by EXOGEN on November 1, 2014 at 8:46am Forex scandal From Wikipedia, the free encyclopedia

….

The forex scandal (also known as the forex probe) is a financial scandal that involves the revelation, and subsequent investigation, that the world’s largest currency trading banks colluded for at least a decade to manipulate and rig the daily foreign exchange rates..

[1] Market regulators in Asia, Switzerland, the United Kingdom, and the United States began to investigate the $5.3 trillion-a-day foreign-exchange market after Bloomberg News reported in June 2013 that currency dealers said they had been front-running client orders and rigging the foreign exchange benchmark WM/Reuters rates by colluding with counterparts and pushing through trades before and during the 60-second windows when the benchmark rates are set.

The behavior occurred daily in the spot foreign-exchange market and went on for at least a decade according to currency traders.[2]

At the center of the investigation are the transcripts of electronic chatrooms in which senior currency traders discussed with their competitors at other banks the types and volume of the trades they planned to place.

The electronic chatrooms had names such as “The Cartel,” “The Bandits’ Club,” “One Team, One Dream” and “The Mafia”.[3][4] The discussions in the chatrooms were interspersed with jokes about manipulating the forex market and repeated references to alcohol, drugs, and women.

[5] Regulators are particularly focusing in on one small exclusive chatroom which was variously called the The Cartel or The Mafia.

The chatroom was used by some of the most influential traders in London and membership in the chatroom was highly sought after.

Among The Cartel’s members were Richard Usher, a former Royal Bank of Scotland (RBS) senior trader who went to JPMorgan as head of spot foreign exchange trading in 2010, Rohan Ramchandani, Citigroup’s head of European spot trading, Matt Gardiner, who joined Standard Chartered after working at UBS and Barclays, and Chris Ashton, head of voice spot trading at Barclays.

Two of these senior traders, Richard Usher and Rohan Ramchandani, are members of the 13-member Bank of England Joint Standing Committee’s chief dealers group.[6]

At least 15 banks including Barclays, HSBC, and Goldman Sachs disclosed investigations by regulators.

Barclays, Citigroup, and JPMorgan Chase all suspended or placed on leave senior currency traders.

Deutsche Bank, continental Europe’s largest lender, was also cooperating with requests for information from regulators.[7]

6] Barclays, Citigroup, Deutshce Bank, HSBC, JPMorgan Chase, Lloyds, RBS, Standard Chartered, and UBS as of February 2014 had suspended, placed on leave, or fired 21 traders.

[8][9][10] Citigroup had also fired its head of European spot foreign exchange trading, Rohan Ramchandani, who was a member of the 13-member Bank of England Joint Standing Committee’s chief dealers group.

[11] Reuters reported hundreds of traders around the world could be implicated in the scandal.[12]

**********

Source: http://nesaranews.blogspot.com/2014/11/stage3alpha.html

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

LION'S MANE PRODUCT

Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.

Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.

Comments

Visits:	1,707,084,680
Stories:	8,447,198