Mark Johnson guilty of Front Running for HSBC.
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.
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