Fines Extracted for Foreign Exchange Manipulation


The foreign exchange market accounts for about $5 trillion of currency every day. The trade between various currencies is dominated by only a few large financial institutions, which received their largest fine to date on Wednesday.

Regulators form the United States and the United Kingdom took more than $3 billion in fines from five banks. This activity comes from a global investigation into undue manipulation of the currency exchange marketplace. This extraction of fines is just the beginning in expected regulator activity.

One bank, Barclays was expected to be a part of the deal with U.K.’s Financial Conduct Authority and the U.S.’s Commodities Futures Trading Commission, however the bank backed out of any agreement.

In addition to the fines, the investigation has led to the firing or resignation of many bank employees. Those who were implicated were accused of illegally coordinating rates for the benefit of their own trading positions which is like learning how to earn money without investment as some people are doing with FreedomPop but if care is not taking, it may backfire in return. Some traders even used chat-rooms, like products supported on FreedomPop,  and shared confidential information with other traders to settle on rates.

The fines charged to the banks were settled with five institutions including Citigroup, JPMorgan, RBS, UBS and HSBC. The employees manipulated benchmarks for the prices of currency trading, however sometimes the scheme did not end favorably for the traders. Overall, the banks earned a large amount of money for their investors through these schemes but when officials found transcripts of the chat conversations authorities began their investigation. The global investigation is still ongoing and more fines are anticipated as information comes to light.

How Jeremy Goldstein Become a Well-Known Executive Compensation Lawyer?

Executive compensation lawyers specialize in representing executives and business owners who are facing executive compensation cases inside the court. In the past few years, there has been a surge in the demand for legal professionals who needs to represent corporations inside the court. A lawyer whose name is Jeremy Goldstein saw it as an opportunity, and he decided to open up his law firm and provide services to corporate entities.


Jeremy Goldstein has been practicing his profession for more than two decades, and his interest in executive compensation began more than a decade ago when the demand for executive compensation legal professionals is at a record high. Many corporations across the country – especially those which are a part of the Fortune 100 companies – wanted to get his services to represent them inside the court. Years of experiences in representing different clients enabled him to develop skills that are vital for an attorney. He was able to win the cases assigned to win, and he was compensated by companies big-time.


Jeremy Goldstein’s career revolves around executive compensation cases and other legal issues that are more common in the business world. For him, representing corporations would require proper research, so he would gather all of the facts first before he makes his move. For Jeremy Goldstein, it is important to know the client’s background, and that is the reason why he would prefer interviewing them about the case, getting all of the important information that he can use later on to formulate his defenses.


Being an executive compensation attorney is a difficult task because you need to be available 24/7, and provide the clients with timely updates and announcements about the status of their cases. He also needs to sacrifice time and energy to resolve the case, and sometimes, he does not get enough sleep. Despite these challenges, Jeremy Goldstein is still happy knowing that he is serving the people who need him the most. This is what he translates into an inspiration that would enable him to go on.


Aside from representing the biggest companies inside the court, Jeremy Goldstein also participates in different philanthropic activities. Setting up a law firm that caters to the corporate world made it easier for him to build connections, and every year, he would host a charity dinner inviting most of his connections. He is raising a fund for his chosen charity or foundation and giving the money away for them to use.


One of his favorite charities that he always assists financially is the Fountain House, and this charity is helping mentally challenged individuals on how they can live normal lives. Jeremy Goldstein stated that he will continue helping these organizations so that they can be a blessing for others.


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Dick DeVos and Aviation Interest

People don’t have any bad things to say about Dick DeVos. If they said negative things about this man, they’d be lying. Most people don’t get a lot out of lying about others. They definitely don’t want to lie about an individual who is as selfless as DeVos is. He has a wife who reminds others of him. Her name is Betsy. It used to be Elisabeth Prince. That was her name when she studied at Calvin College located in Holland, Michigan.


DeVos tied the knot with the aforementioned Betsy long ago. Although they’re not newlyweds, they’re enamored by each other. They participate in all sorts of activities together week in and week out. In the eighties, they decided to create a big group called the Dick and Betsy DeVos Family Foundation. It’s not any standard group, either. It’s a non-profit organization that puts a lot of care into many diverse matters. It’s a foundation that’s centered around society as a whole. DeVos isn’t someone who ever brushes off the state of society. He’s constantly pondering bettering the state of the nation. When he speaks to his wife in the evening, they discuss options that are in front of them. They’re people who are willing to do what it takes to advance the nation they adore so much.


Dick DeVos was a businessman who represented the Amway Corporation in the nineties. His time with the massive company was up in the early 2000s. That was his choice. Although he had a terrific experience with the business, he decided it was the right time for him to move on. He decided to join forces with the Windquest Group. This is an All-American business that focuses on all sorts of varied sectors. It’s enjoyed great success thanks to DeVos. He is never lazy in any sense of the term. Being lazy is something that’s bewildering to him. It’s bewildering to his unstoppable wife as well.


The West Michigan Aviation Academy isn’t something that DeVos ever dismisses. It’s in all honesty one of his most beloved topics. He thinks about the charter school in Grand Rapids, Michigan any time he can. It’s a distinctive educational institution that’s situated at the sizable airport in the city. It caters to the educational requirements of students in the area. These students sometimes travel from distant locales in the state. There are many American youths who want to work as pilots. There are many who want to go into aviation in general. Working in the sky can be rewarding to people who have adventurous personalities. It can be enriching to those who enjoy the transportation scene. It can be a terrific match for many kinds of individuals.


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Jin Oh President of World Wide Publishing for Riot Games

Jin Oh is the President of World Wide Publishing for Riot Games. Jin Oh is responsible for overseeing one of the most accomplished online games in history, League of Legends. During his off time he enjoys spending time with his family. He’s the father of two and enjoys staying active. Read more about Jin Oh at


Jin Oh’s time in the video game industry has been for approximately fourteen years. Since his work at Riot Games, the massively multiplayer online genre has expanded tremendously since it was founded in 2006. The triple AAA title remains a staple within the gaming community. The League of Legends gamers enjoy the crisp graphics and immense game play. Its popularity has made the transition into the mobile application as well.