Perhaps the trader was referring to his Miranda Rights.

Did you hear about the lawyer for an ex-Barclays trader facing forex-fixing claims in the U.S., who defended his client by blaming the trader's former employer for not giving him enough guidance on the law?

The trader, Chris Ashton, was charged late last night by the Justice Department with conspiring to fix prices and rig bids in the foreign exchange market, along with co-conspirators ex-JPMorgan trader Richard Usher and ex-Citigroup trader Rohan Ramchandani. Ashton's lawyer, Sara George of Stephenson Harwood, issued the following statement:

 “At all material times Chris Ashton worked in England for an English Bank. He complied fully with what he understood to be the legal and compliance requirements of an English Bank. He was never given any legal advice, guidance or instruction by Barclays in relation to U.S. law.

Ashton, Usher and Ramchandani were all members of "The Cartel" chat group, which the prosecution claims the traders used on a regular basis to collude over U.S. Dollar-Euro pairing fixes. In 2015, U.S. regulators handed out massive fines to JPMorgan, RBS, Citigroup and Barclays after they pleaded guilty to forex rigging charges. UBS, meanwhile, was granted immunity from prosecution in the forex case, although the lender's actions were found to be in breach of a preexisting non-prosecution agreement.

Jonathan Pickworth, partner at White & Case, who is representing Usher, while Stephen Pollard of WilmerHale is representing Ramchandani