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U.S. Regulators Probe Foreign Exchange Shenanigans

M4D GROUP

M4D GROUP

U.S. Regulators Probe Foreign Exchange Shenanigans (Reuters)

The Justice Department is investigating allegations of rate manipulation centered on the Swiss franc. The Swiss Financial Market Supervisory Authority, FINMA, said earlier this month that it was “conducting investigations” of several Swiss financial institutions about possible manipulation of foreign exchange markets. Regulators in Britain also are investigating.

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