Bloomberg News reports that the FCA got the go-ahead earlier this month to appeal its case against Julien Grout, who worked under the so-called London Whale Bruno Iksil, according to court documents. While the claim hasn’t been filed, a spokesman for the regulator confirmed the agency’s plans.
On July 7, Grout became the latest banker to win a suit against the FCA over improper identification in settlements after a judge ruled he was identifiable in a $181m sanction notice against JPMorgan. The regulator is obliged to give a person the chance to respond to allegations before publishing a notice if they’re recognizable. To avoid this, the FCA uses monikers such as "Trader A" to hide their identities.
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