Other Citywire websites
Stay connected:

View the article online at http://citywire.co.uk/new-model-adviser/article/a704645

SFO weighs up London Whale investigation

by Daniel Grote on Sep 23, 2013 at 07:49

SFO weighs up London Whale investigation

The Serious Fraud Office (SFO) is weighing up the case for a criminal investigation into the ‘London Whale’ trading scandal, according to The Sunday Times.

Last week, JP Morgan was fined £573 million by UK and US regulators over the scandal, which saw traders build up huge losses at the beginning of last year.

The SFO has been passed documents in relation to the case, but has yet to launch a formal investigation. ‘We are liaising with our US counterparts as well as the Financial Conduct Authority,’ it told the paper.

Criminal charges have been filed in the US against two of the traders involved, Javier Martin-Artajo and Julien Grout.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Opportunities emerge as production moves back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

A spotlight on Alastair Mundy

Alastair Mundy met Citywire's Daniel Grote at the London Stock Exchange Studios for a detailed interview about the Investec Cautious Managed fund.

More about this article:

More from us

What others are saying


Sorry, this link is not
quite ready yet