I've been with this guy for 2 years and he first interned at Barclays back in college in 2008 and has been working full time for them ever since. I know he had some SEC contact a while back because I was there when he met up with one of the investigators for being a witness for a colleague who did a little bit of insider trading although he didn't go into detail. This was for something he saw back in 2008 as an intern (when I wasn't around yet) and he said it was something he didn't like to talk about.
But a few weeks ago when Barcap was receiving their $400MM+ fine/verdict in London, the company suddenly had to send him to London. He said it was for a business trip (I saw the email from his supervisors) and being extremely busy myself / not being able to understand all the technical quant stuff, I didn't question him really. He's been in London for 2 weeks now and will be back soon but we Skype all the time and he seemed to be a little stressed out and is always up working.
Now I'm starting to wonder the possibilities that he was involved in the LIBOR thing? I'm not suggesting he committed fraud himself (as I don't think he was senior enough to be able to do that) but could he have been a big witness to senior traders committing fraud? I know in these types of investigations you arent really allowed to talk about it to anyone esp if a big US govt agency is involved.
He's a 3rd year quant analyst in the quantitative trading group for foreign currency exchange. What are the chances of someone in his position being involved in the case?
If he did, tell him I said thanks
Sounds like he's found himself a new girl. Sorry.
ahahaha that thought popped up for a split second once but i've come to the conclusion that he hasn't. he's coming back Friday night. i know he's not the only one at Barcap's NY office who had to be sent to London, coincidentally, a few days before the whole LIBOR thing exploded in the public media. but everything just seems too coincidental. I know in 2011 an FBI agent came to our apartment, said it was for something with the SEC, asked him a few questions, then left. It seemed a bit friendly but still weird haha.
From what I understand, the guilty parties involved are the senior traders in barcap's NYC offices and the guys in their London office who submitted false numbers. He would have been too much of a rookie at the firm to be able to do this at the time, wouldn't be? He's also not really a trader- he does all the geeky quant stuff. Do you really think he was involved?
You have to balance all of these things out. Since you are the suspicious girlfriend, you should have the best insight.
edit: whoops. triple post.
edit: whoops. triple post.
Is this a girl thing? I don't get why he can't have just needed to go to London for something - and being in FOREX doesn't sound especially related to LIBOR
They're clearly messing with her. Sheesh man
Given the amount of detail in this post, it's not going to be hard for your boyfriend to figure out you're snooping on him if he reads this. Finance is a very small world and everyone talks to each other.
Why not just ask him?
Wow, this is crazy... my new BF is also a 3rd year FX quant at Barclays who had dealings with the SEC a little while back and suddenly had to go to London 2 weeks ago. He promised me that he broke up with his ex, but I've been very suspicious that he hasn't yet. Surely not!?
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