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Ex-JPMorgan 'Whale' supervisor files claim against UK regulator [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. |
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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 This material may not be published,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.
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