FOREX

Fx Trader Tells NY Jury &#039Immature&#039 Chats Aren&#039t Criminal – Law360


Law360, New York (Oct 31, 2019, five:13 PM EDT) — The federal government’s international forex value-repairing situation versus onetime JPMorgan trader Akshay Aiyer is primarily based on cherry-picked, “immature” chats that are embarrassing but not legal, his law firm told a Manhattan jury Thursday, calling prosecutors’ principle of criminality “simplistic.”

Aiyer, who is charged with a rely of conspiring to restrain trade in forex markets in violation of the Sherman Act, produced his pitch for a not responsible verdict in the course of afternoon opening statements at a trial just before U.S. District Choose John G. Koeltl which is anticipated to previous about four weeks.

Prosecutors say Aiyer schemed with other traders such as two cooperating witnesses — Jason…

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