Day: 10 January 2017

Cartel Members Indicted in US

The US Department of Justice has announced that a Federal grand jury has returned an indictment against three members of the infamous Cartel chat room that allegedly conspired to manipulate FX markets.
The one-count indictment, filed in the US District Court for the Southern District of New York, charges former RBS trader Richard Usher, ex-Citi head of spot FX Rohan Ramchandani and former Barclays trader Christ Ashton with conspiring to fix prices and rig bids for US dollars and euros exchanged in the FX spot market.

Former CFTC Commissioner Chilton Leaves DLA Piper

Bart Chilton has left his position at law firm DLA Piper, where he was a senior policy advisor. His next destination could not be determined by press time.

Chilton joined DLA Piper in April 2014, working in its corporate, finance and derivatives practice.

Prior to that Chilton spent seven years working as a Commissioner at the Commodity Futures Trading Commission (CFTC), after being nominated by President George W. Bush and confirmed by the US Senate in 2007 and then re-nominated by President Barack Obama and reconfirmed by the Senate in 2009.