FX Traders Said to Plan Challenge to U.K. Regulator’s Settlement
This article is for subscribers only.
A group of foreign-exchange traders plan to challenge findings by Britain’s financial regulator in the currency-rigging probe because they weren’t given a right to respond, two people with knowledge of the matter said.
The group has until tomorrow to submit a challenge against the U.K. Financial Conduct Authority to the Upper Tribunal, the U.K. court with jurisdiction for complaints against the agency, according to the people, who asked not to be identified because the move hasn’t been made public yet.