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- Title
Here We Go Again.
- Authors
Scheiner, Eric C.; Quinn Broda, Jennifer
- Abstract
The article examines investigations by financial regulatory agencies of the U.S. and Great Britain of suspected manipulation of the foreign exchange (forex) market in national currencies by international banking industry firms. The vast size of the forex market and those of forex index funds mutual funds is noted. The manipulation of the benchmark prices set for foreign exchange rates by banks is examined. Possible class actions by investors in forex index funds or foreign exchange are discussed.
- Subjects
FOREIGN exchange futures sales &; prices; FOREIGN exchange futures fraud; FOREIGN exchange market; CORRUPT practices in foreign exchange; INTERNATIONAL banking industry; INTERNATIONAL banking industry laws; CORRUPTION
- Publication
Financial Executive, 2014, Vol 30, Issue 1, p48
- ISSN
0895-4186
- Publication type
Article