British Regulators Open Forex Rigging Probe

Law360, New York (October 16, 2013, 9:29 PM EDT) -- The U.K.'s financial enforcement agency has opened a probe into allegations of manipulation of the foreign exchange markets, agency officials confirmed Wednesday.

In a statement, the Financial Conduct Authority said it was working alongside other agencies both in the U.K. and abroad to determine whether firms were engaged in rigging the foreign exchange market.

“As part of this we are gathering information from a wide range of sources including market participants,” an FCA spokesman said in a statement. "Our investigations are at an early stage and...
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