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Browse: Home / 2017 / November / 16 / Wall St. bankers secretly used chat rooms to rig Treasury bond trades: suit | New York Post

Wall St. bankers secretly used chat rooms to rig Treasury bond trades: suit | New York Post

By Securities Docket on November 16, 2017, 8:41 am

Wall Street banks secretly shared client information in online chat rooms in order to rig auctions for the $14 trillion US Treasurys market, according to an explosive lawsuit filed in Manhattan federal court on Wednesday.

The move wrongly fattened the banks’ profits and picked profits from clients, the suit claims.

via Wall St. bankers secretly used chat rooms to rig Treasury bond trades: suit | New York Post

Posted in Industry, Top | Tagged Treasury bonds

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