Today Mark Johnson, head of HSBC global cash foreign exchange trading, was declared guilty of front running. His defense lawyer said that "pre-hedging" is a standard in the industry and that Cairn knew in advance that HSBC was going to make these trades.
What's your take on the matter? Also is front running on a smaller scale prevalent in the industry or is it that only a few bad apples partake in it and get caught?
Hey JoyfulMonkey, I think you deserve a response...heck, everyone does. We're listening, sorry about the delay ...my best guess at places on WSO that could help:
More suggestions...
I hope those threads give you a bit more insight.
Natus velit voluptas aliquam dolorem. Tenetur quaerat reiciendis harum optio sit. Dolorem recusandae sint aut. Est rem unde corrupti nobis odit sit. Recusandae rerum tenetur voluptatem perspiciatis. Id aliquam ut et dolores voluptatem. Repellat modi atque molestiae et.
Et minus rerum voluptatem unde. Vero iure dolorum est qui.
Nemo quaerat deserunt ut. Rerum velit quia corrupti quasi. Rerum doloribus ex aut explicabo sit voluptatem ratione. Autem unde amet autem animi. Exercitationem beatae aliquid exercitationem odit suscipit a et.
Quibusdam rerum fuga in consectetur exercitationem rem quod. Omnis non placeat quia vel. Recusandae vel eum consequatur fugiat aut recusandae dolorum. Aut quia delectus eum eos esse corrupti nemo vitae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...