On July 20, Mark Johnson, the head of global foreign exchange cash trading at HSBC Bank plc, and Stuart Scott, and HSBC’s former head of foreign exchange cash trading for Europe, the Middle East and Africa, were charged with conspiracy to commit wire fraud, based on a front running scheme.  It is alleged that, in 2011, Johnson and Scott misused confidential information about a client’s planned sale of a foreign subsidiary.  United States v. Johnson, et al., 16-mj-0674 (E.D.N.Y.). DOJ Press Release.