Former UBS and Barclays trader banned for life

Federal Reserve hands industry ban to Matthew Gardiner for "unsafe and unsound conduct" between 2008 and 2013

Federal Reserve
Federal Reserve: Gardiner used chatrooms to disclose confidential customer information to other traders

A former foreign exchange trader has been banned from the banking industry for life by the Federal Reserve, following an investigation lasting three years into the manipulation of currency benchmarks.

Between January 2008 and January 2013, Matthew Gardiner, who worked at UBS and Barclays, communicated with FX traders at other financial institutions through chatrooms on electronic platforms, "routinely" engaging in "unsafe and unsound conduct", the Fed said in a statement on July 19.


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