Chat Trick Stymied Compliance, Ex-Forex trading Trader Tells Jury – Law360

Law360, New York (November one, 2019, 5:01 PM EDT) — Previous Citigroup currency trader Christopher Cummins informed a Manhattan jury Friday that he joined forces with Akshay Aiyer, a previous JPMorgan trader on trial for bid-rigging, to stay clear of levels of competition in component by way of on line chats that have been typed so banks’ compliance personnel could not research them.

Cummins, fifty three, who pled guilty in 2017, is the 1st of at minimum two cooperating witnesses to take the stand against Aiyer, 36, in a felony trial that opened Thursday prior to U.S. District Decide John G. Koeltl and is predicted to past a month.

Prosecutors from the U.S. Division of Justice say Aiyer schemed with other traders…

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