January 25, 2018 BY Valentina Kirilova

FCA fines Interactive Brokers (UK) Ltd £1,049,412 for poor market abuse controls

The Financial Conduct Authority (FCA) informed that it has today imposed a financial penalty on Interactive Brokers (UK) (IBUK) in the amount of £1,049,412 for failings in its post-trade systems and controls for identifying and reporting suspicious transactions in the period February 2014 to February 2015 (“the Relevant Period”). IBUK is an online broker based…

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