The Federal Reserve Board announced that it is seeking to permanently bar Peter Little, the former head of the foreign exchange (FX) spot desk at Barclays Bank PLC in New York, from employment in the banking industry and to impose a $487,500 fine on him.
The enforcement proceedings follow the Fed’s actions prohibiting former Barclays FX traders Christopher Ashton and Michael Weston from employment in the banking industry, as well as the May 2015 enforcement action against Barclays for unsafe and unsound practices in its FX market practices.
Read on for more about the latest enforcement from the Fed.
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