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Ex-HSBC's Mark Johnson to Be Freed From Jail Pending Appeal

  • Currency trader says he didn’t know he was violating U.S. laws
  • He’s been in federal prison since his sentencing in April
Mark Johnson, former head of global foreign exchange for HSBC Holdings Plc.

Mark Johnson, former head of global foreign exchange for HSBC Holdings Plc.

Photographer: Mark Kauzlarich/Bloomberg
Updated on

Former HSBC Holdings Plc trader Mark Johnson, the first person to be convicted in a global crackdown on currency rigging, was ordered freed from prison as he pursues an appeal arguing that he didn’t know he was breaking U.S. law.

The U.S. Court of Appeals in Manhattan granted Johnson’s request Tuesday to be released in a brief order. Johnson was sentenced in April to two years behind bars and was immediately taken into custody.