Bankers who rigged interest rate markets in London engaged in “highly reprehensible” acts if proven true, according to the head of England’s central bank, and may be under criminal investigation for fraud. If reports are accurate, this could be the first serious investigation of fraud targeting high ranking big bank executives since 1998 when Brooksley Born was replaced as CFTC chairperson, a point benchmarked by certain reformers as a point at which the breakdown in justice first occurred.
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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