Ex-HSBC FX Trader Wins Rare U.K. Order Blocking Extradition (2)

Stuart Scott, the former head of currency trading at HSBC Holdings Plc, won a last-ditch battle to block his extradition to the U.S., where he would face wire-fraud charges.

Scott was charged, along with his ex-boss Mark Johnson, by the U.S. Justice Department in July 2016 with front-running a $3.5 billion currency order from Cairn Energy Plc in 2011 that made the bank $8 million. A London judge ordered his extradition in October.

U.K. Court of Appeal judges ruled July 31 that “most of the harm took place” in the U.K. and that Scott has a strong connection to his ...