FCA warns Interactive Brokers UK over alleged insider dealing
Posted: Wed Aug 16, 2017 11:16 pm
UK's Financial Conduct Authority (FCA) has warned the UK branch of US brokerage Interactive Brokers (IBUK) to take action in respect of alleged failure to report market abuse in the form of insider dealing.
According to FCA, in the period from 6 February 2014 to 28 February 2015 IBUK breached Principle 3 of the FCA's Principles for Businesses, namely failed to take care and exercise control the management risk systems and to identify and report possible market abuse by its customers.
According to FCA, in the period from 6 February 2014 to 28 February 2015 IBUK breached Principle 3 of the FCA's Principles for Businesses, namely failed to take care and exercise control the management risk systems and to identify and report possible market abuse by its customers.