UK’s FSA fines Plus500 £205,000


Plus500 failed to provide accurate transaction reports to the FSA.

Forex and CFDs brokerage Plus500 was fined £205,128 for failing to provide accurate and timely transaction reports to the FSA in respect of all the reportable transactions they carried out, in the 2010-11 time period. The fine was actually reduced by 30%, from nearly £300,000, as Plus500 agreed to settle at an early stage of the FSA’s investigation.

For the full text of the FSA’s final notice in this matter click here.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

 

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UK's FSA fines Plus500 £205,000

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