Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Ex-JPMorgan 'Whale' supervisor files claim against UK regulator

Send a link to a friend  Share

[March 20, 2014]  By Richa Naidu

(Reuters)  A former JPMorgan Chase & Co executive fighting U.S. extradition from Spain for allegedly helping to hide more than $6.2 billion in trading losses has filed a claim against Britain's financial regulator.

Javier Martin-Artajo, who oversaw an ex-JPMorgan trader nicknamed the "London Whale" for his large bets on derivatives markets, filed the claim against the Financial Conduct Authority (FCA) at a tribunal in London on March 12, according to the court's website. (http://link.reuters.com/saj77v)

Details about the case were not available and no hearing date has been set.

The "London Whale" scandal has cost America's largest bank $920 million in penalties from U.S. and British regulators so far, including the U.S. Securities and Exchange Commission and the FCA.

Neither the FCA nor Martin-Artajo's lawyer could be reached for immediate comment.

(Reporting by Richa Naidu in Bangalore; editing by Tom Brown)

[ 2014 Thomson Reuters. All rights reserved.]

Copyright 2014 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

< Top Stories index

Back to top