It was, the British judge said, an odd request. While most traders would be relieved that the UK Financial Conduct Authority had stopped investigating them, here was a trader demanding that it continue.
The trader was Julien Grout, formerly of JPMorgan Chase, who had been caught up in the 2012 fiasco that centred on a character known, because of the size of his market bets, as the “London whale”.
Mr Justice Males, the judge, last week denied Mr Grout’s application for judicial review of the FCA’s decision to stop pursuing him. The FCA said it saw no point because, among other things, he already faced criminal charges in the US.
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