The US Department of Justice reported a second forex exchange dealer, Christopher Cummins, has pleaded guilty to conspiring to fix prices in the FX market. Cummins has agreed to cooperate with the ongoing investigation into the forex market. During the January 2007–July 2013 period, Cummins, at the time a dealer of Central and Eastern European, Middle Eastern and African (CEEMEA) currencies on the forex desk of a New York-based financial institution, and other forex dealers from competing institutions conspired to suppress and eliminate competition by fixing prices in CEEMEA currencies. This is the second person to plead guilty of such charges after on 4 January this year another forex dealer did the same.