US seeks seven-year minimum prison term for Mark Johnson

Defence disputes whether Cairn Energy suffered a loss as a result of Johnson’s misconduct

mark johnson - PA photo - payment for every use.jpg
Mark Johnson: the first senior banker to face trial since the DoJ's investigations began in 2013
Brendan McDermid/Reuters/PA Images

The US Department of Justice is seeking a prison term of at least seven years for Mark Johnson, the former HSBC senior banker convicted of front-running a large currency order from one of the bank’s clients in 2011.

The DoJ is also proposing a fine of between $30,000 and $300,000 to deter other traders from misusing client information.

In its sentencing memorandum filed on April 5, the DoJ said a sentence of no fewer than 84 months and a substantial fine would be sufficient to achieve the aims

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: