Why the Fed Banned Former UBS Trader Matthew Gardiner

The video discusses a case involving FX traders from various banks who allegedly colluded to fix prices in the FX market. The Justice Department has been investigating this conduct for years, with no public charges against individuals yet. However, banks have settled for around $6 billion. Matt Gardner, a former UBS employee, has cooperated with the DOJ, potentially aiding in building cases against individuals. The video explores the implications of this cooperation for future cases.

How did Matt Gardner contribute to the investigation?

What implications might this case have for future investigations into individual traders?