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Ex-HSBC forex trader's lies to client enough to support fraud conviction, US appeals court says

By Richard Vanderford ( September 12, 2019, 19:47 GMT | Insight) -- A one-time senior HSBC currency trader broke the law when he lied to client Cairn Energy about how the bank would execute a $3.5 billion currency transaction, a US appeals court said. The decision is likely to inject legal uncertainty into foreign exchange trading.A one-time senior HSBC currency trader broke the law when he lied to client Cairn Energy about how the bank would execute a $3.5 billion currency transaction, a US appeals court said....

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