DoJ indicts another FX trader on price-rigging charge

US says Akshay Aiyer conspired with other New York-based traders at rival banks to fix prices in Ceemea currencies

A lawsuit document
Called to account: DoJ says it remains committed to holding individuals accountable for anti-competitive conduct

Former trader Akshay Aiyer has been indicted for allegedly conspiring to manipulate prices in the currency markets of Central and Eastern Europe, the Middle East and Africa, the US Department of Justice announced on May 10.

Ceemea currencies are usually traded against the dollar and the euro.

The DoJ claims that between October 2010 and July 2013, Aiyer conspired with other New York-based traders at rival banks to fix prices, and rig bids and offers in those currencies, suppressing competition

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