The Commodities and Futures Trading Commission issued a $90,000,000 penalty this week to BNP Paribas arising out of the ISDAFIX scandal, a global investigation launched by a GS2Law whistleblower.
The CFTC Order shows that over a 5–year period, between 2007 through 2012, BNP Paribas attempted to manipulate the ISDAFIX benchmark to benefit its own positions. The Order further identifies...Read More
A single anonymous whistleblower will receive more than $45 million from the Commodities and Futures Trading Commission – its biggest-ever payout – for sparking the investigation into industrywide manipulation of the ISDAFIX interest-rate benchmark an important price setting mechanism used by the $544 trillion private derivatives market.
Robert Garson and Chris Fladgate of GS2Law, attorneys...Read More