Interest Rate Fraud Lawsuits and Interest Rate Manipulation Lawsuits May Become More Common As Evidence of Widespread Interest Rate Fraud and Interest Rate Manipulation Is Coming to Light by Texas Interest Rate Fraud Lawyer, Texas Interest Rate Manipulation Lawyer, and Texas Financial Fraud Whistleblower Lawyer
Interest rate fraud and interest rate manipulation can create large profits for businesses and investors that can control and manipulate interests rates for their advantage. This illegal advantage appears to have been more prevalent than once thought and a paper by the International Organization of Securities Commissions suggests that the lack of transparency in setting some bench marks may have allowed some investors, bankers, and financial services providers to manipulate interest rates to their advantage.
In some situations these interest rate manipulation schemes can be the basis for an interest rate fraud lawsuit or a financial confidential whistleblower reward lawsuit. If you are the original source with special knowledge of interest rate fraud and/or the victim of interest rate manipulation that cost your pension, business, or investments a substantial amount of damages, please feel free to contact Texas International Interest Rate Fraud Lawyer and International Financial Services Institute Employee Confidential Whistleblower Lawyer Jason S. Coomer.
Libor-Like Manipulation Possible in Other Benchmarks, Iosco Says - Bloomberg
"The same lack of oversight that enabled traders to manipulate the London interbank offered rate plagues other benchmarks around the globe, according to a group of international securities regulators."
"Fewer than half of the benchmark interest rates surveyed in the U.S., Europe and Asia were based on actual transactions, according to a confidential International Organization of Securities Commissions discussion paper obtained by Bloomberg News. Instead, the rates were calculated by methodologies that were unclear, not transparent and only rarely subject to specific regulatory standards or obligations, the group said."
“Iosco, as the international organization of financial market regulators, is firmly committed to restoring confidence in benchmarking activities globally,” Masamichi Kono, chairman of the Iosco board, said in a Sept. 14 statement."