Former trader files appeal over 'London Whale' probe

Beached Whale

A former JPMorgan trader has filed an appeal with a London tribunal court to challenge civil findings made by Britain's financial watchdog against the bank over the 'London Whale' debacle of 2012, the Financial Times reported on Sunday, citing tribunal records.

Reuters reports that Julien Grout, a junior trader with JP Morgan who was indicted in the United States in September on five charges, will allege that he was 'readily identifiable' in findings which were meant to be anonymous, the daily quoted people familiar with the matter as saying.

The French national was accused of participating in a conspiracy to hide losses within JPMorgan's Chief Investment Office in London by marking positions in a credit derivatives portfolio at inflated prices.

Another former JP Morgan employee, Achilles Macris, won the right to challenge the Financial Conduct Authority in April, after a tribunal court ruled that by failing to give him the right of reply to its report into the affair the regulator had infringed his rights.

To access the complete Reuters article hit the link below:

Ex-JPMorgan trader contests UK regulator's 'Whale' findings - FT

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