Ex-JPMorgan banker challenges Financial Conduct Authority

Beached Whale

Javier Martin-Artajo, the former JPMorgan banker fighting U.S. extradition from Spain over trading losses that surpassed $6.2bn, is challenging the U.K. financial regulator in London.

Bloomberg reports that Martin-Artajo, who oversaw synthetic credit trading at the bank’s chief investment office in London, filed the case against the U.K. Financial Conduct Authority at a tribunal last week, according to the court’s website. No other details about the claim were available.

He was indicted in Manhattan federal court in September for allegedly helping to hide losses caused by Bruno Iksil, the Frenchman who became known as the London Whale. The U.S. Securities and Exchange Commission said in a parallel lawsuit that Martin-Artajo and Julien Grout, a trader who worked for him, engaged in a scheme to enhance the portfolio’s apparent performance and thereby curry favor with their supervisors.

To access the complete Bloomberg article hit the link below:

Ex-JPMorgan Trader Martin-Artajo Challenges Regulator 

EU Lawmakers Said to Reach Provisional Deal on Bank Bill 

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts