Just another game they play on wallstreet...makes you think how many more other games they play until they are caught and fined. Of course the fines and the penalties are never enough because if they were these banks wouldn't exist after the last financial crisis.... The amount of money they make playing these games always exceeds the fines and penalties they receive after they are caught. And that's why it continues .... And to this day no one believes wallstreet is rigged http://mobile.bloomberg.com/news/2014-11-12/banks-to-pay-3-3-billion-in-fx-manipulation-probe.html Announcing the settlement, regulators released transcripts of chat groups dubbed “the 3 musketeers,” “the A-team” and “1 team, 1 dream,” showing traders sharing client orders and attempting to rig the WM/Reuters currency benchmarks.“The traders put their own interest ahead of their customers, they manipulated the market -- or attempted to manipulate the market -- and abused the trust of the public,” FCA Chief Executive Officer Martin Wheatley told reporters at a briefing in London today. The regulator will press firms to review their bonus plans and claw back payments already made.While the FCA has completed its probe in less than half the time it’s taken to investigate the rigging of Libor and other interest rate benchmarks, lawyers criticized the settlement for leaving unanswered how clients will be compensated, and a U.S. regulator shunned it for being too weak.
Regulatory Capture: When the profit of criminal gains exceed the cost of financial penalties. All of this would go away if: 1) The cost of penalties far exceeded criminal profits. 2) People went to jail.