Alex Hope Arrested - What a joke

Somebody posted an article about his 200K GBP bar tab a few weeks back. Looks like the party's over

http://www.huffingtonpost.co.uk/2012/04/04/alex-h…-trading-scheme-fsa-reports_n_1402783.html

 

Can anyone explain what exactly would constitute an unauthorized forex trading scheme? Just curious, I don't know too much about forex.

MM IB -> Corporate Development -> Strategic Finance
 
SECfinance:
Can anyone explain what exactly would constitute an unauthorized forex trading scheme? Just curious, I don't know too much about forex.

As far as I'm aware it means that he was trading other people's money rather than just his own. For this you need FSA authorisation which he definitely doesn't have (there is only one Alex Hope on the FSA registry and he's in his 40s).

 
zeropower:
He lives in East London? Yuck.

It's not that bad! Most of the younger traders and analysts in the Liverpool Street/Moorgate area (UBS, RBS, ICAP, DB etc...) live in Shoreditch. There's some fantastic loft apartments there - check the place Kweku was living in!

 

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