{"id":2057,"date":"2018-01-31T12:45:25","date_gmt":"2018-01-31T18:45:25","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=2057"},"modified":"2022-03-22T15:24:00","modified_gmt":"2022-03-22T20:24:00","slug":"bnp-paribas-pay-90m-pleading-guilty-fx-currency-rigging-probe","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/bnp-paribas-pay-90m-pleading-guilty-fx-currency-rigging-probe\/","title":{"rendered":"BNP Paribas to Pay $90M After Pleading Guilty in FX Currency Rigging Probe"},"content":{"rendered":"

\t\t\t\tBNP Paribas USA (BNP), A BNP Paribas unit, will pay $90M to settle a criminal case alleging foreign currency price manipulation. It also pleaded guilty by admitting that it conspired to fix prices for Eastern European, Central European, African, and Middle Eastern (CEEMEA)currencies between 9\/2011 and 7\/2013.<\/p>\n

According to the US Justice Department, the BNP Paribas unit engaged in rigging prices through fake trades, orchestrated trades, and by quoting specific prices to certain customers, all on an electronic trading platform. The settlement also settles investigations conducted by the New York State Department of Financial Services and the US Federal Reserve.<\/p>\n

In a statement, BNP Paribas USA said that it regretted \u201cthe past misconduct\u201d that resulted in this case. The unit will now cooperate with the US government\u2019s ongoing investigation into currency rigging involving the FX market. The bank joins Barclays Plc (BARC), JPMorgan Chase & Co. (JP)<\/a>, Citigroup (C)<\/a>, UBS Group AG (UBS)<\/a>, and Royal Bank of Scotland Group Plc (RBS) in pleading guilty to currency rigging in US probes. Together, the six banks have agreed to pay over $2.8B in fines.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

BNP Paribas USA (BNP), A BNP Paribas unit, will pay $90M to settle a criminal case alleging foreign currency price manipulation. It also pleaded guilty by admitting that it conspired to fix prices for Eastern European, Central European, African, and Middle Eastern (CEEMEA)currencies between 9\/2011 and 7\/2013. According to the US Justice Department, the BNP […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3740,3741],"tags":[2804,2948],"class_list":["post-2057","post","type-post","status-publish","format-standard","hentry","category-miscellaneous","category-securities-fraud","tag-bnp-paribas","tag-fx-rigging"],"yoast_head":"\nBNP Paribas to Pay $90M In FX Currency Rigging Probe | Securities Fraud Attorney<\/title>\n<meta name=\"description\" content=\"BNP Paribas USA, a BNP Paribas unit, will pay $90M to settle a criminal case alleging foreign currency price manipulation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/bnp-paribas-pay-90m-pleading-guilty-fx-currency-rigging-probe\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BNP Paribas to Pay $90M In FX Currency Rigging Probe | Securities Fraud Attorney\" \/>\n<meta name=\"twitter:description\" content=\"BNP Paribas USA, a BNP Paribas unit, will pay $90M to settle a criminal case alleging foreign currency price manipulation.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BNP Paribas to Pay $90M In FX Currency Rigging Probe | Securities Fraud Attorney","description":"BNP Paribas USA, a BNP Paribas unit, will pay $90M to settle a criminal case alleging foreign currency price manipulation.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/bnp-paribas-pay-90m-pleading-guilty-fx-currency-rigging-probe\/","twitter_card":"summary_large_image","twitter_title":"BNP Paribas to Pay $90M In FX Currency Rigging Probe | Securities Fraud Attorney","twitter_description":"BNP Paribas USA, a BNP Paribas unit, will pay $90M to settle a criminal case alleging foreign currency price manipulation.","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/bnp-paribas-pay-90m-pleading-guilty-fx-currency-rigging-probe\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/bnp-paribas-pay-90m-pleading-guilty-fx-currency-rigging-probe\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"BNP Paribas to Pay $90M After Pleading Guilty in FX Currency Rigging Probe","datePublished":"2018-01-31T18:45:25+00:00","dateModified":"2022-03-22T20:24:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/bnp-paribas-pay-90m-pleading-guilty-fx-currency-rigging-probe\/"},"wordCount":385,"keywords":["BNP Paribas","FX Rigging"],"articleSection":["Miscellaneous","Securities Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/bnp-paribas-pay-90m-pleading-guilty-fx-currency-rigging-probe\/","url":"https:\/\/www.investorlawyers.com\/blog\/bnp-paribas-pay-90m-pleading-guilty-fx-currency-rigging-probe\/","name":"BNP Paribas to Pay $90M In FX Currency Rigging Probe | Securities Fraud Attorney","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2018-01-31T18:45:25+00:00","dateModified":"2022-03-22T20:24:00+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"BNP Paribas USA, a BNP Paribas unit, will pay $90M to settle a criminal case alleging foreign currency price manipulation.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/bnp-paribas-pay-90m-pleading-guilty-fx-currency-rigging-probe\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/bnp-paribas-pay-90m-pleading-guilty-fx-currency-rigging-probe\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/bnp-paribas-pay-90m-pleading-guilty-fx-currency-rigging-probe\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"BNP Paribas to Pay $90M After Pleading Guilty in FX Currency Rigging Probe"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards & Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards & Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards & Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-xb","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/2057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=2057"}],"version-history":[{"count":3,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/2057\/revisions"}],"predecessor-version":[{"id":25264,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/2057\/revisions\/25264"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=2057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=2057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=2057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}