Friday, May 23, 2014
Barclays bank has been fined for fixing the gold price because one of its traders used the gold price to avoid having to pay out on a customer’s order. The UK Financial Conduct Authority is striking a fine on the British trader James Plunkett, who sent out information aimed at changing the price of Gold. This happened only a day after Barclays paid £290 million in fines and it became the first bank to be charged in rigging.
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The Gold Bullion Company is a trading name of Group International Ltd, a company registered in England & Wales number 04497345.
