Ex-JPMorgan Trader Convicted for Helping Rig Currency Market (1)

A former JPMorgan Chase & Co. banker was convicted of conspiring with traders at other banks to rig bids and fix prices in currency markets -- a victory for prosecutors in their campaign against collusion in foreign exchange.

Akshay Aiyer was found guilty Wednesday by a federal jury in New York that took less than four hours to reach a verdict, following a trial that lasted more than two weeks.

Aiyer was found guilty of a single count of conspiracy to violate antitrust laws. He’s the second person to be convicted in a crackdown on dubious practices used by currency ...