Appeals Court grants former JPMorgan FX trader request for bail
The Second Circuit Court of Appeals has granted a request by former JPMorgan FX trader Akshay Aiyer for bail pending appeal.
The Second Circuit Court of Appeals has granted a request by former JPMorgan FX trader Akshay Aiyer for bail pending appeal.
The New York Southern District Court has dashed a motion by former FX trader Akshay Aiyer to secure bail.
Akshay Aiyer says his bail should be continued as he presents no flight risk.
Akshay Aiyer, sentenced to prison for FX market manipulation, presents flight risk, according to the DOJ.
Akshay Aiyer argues that the Court erred in precluding substantial evidence that the conduct in which he engaged had no impact on supply and demand and on price.