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Violation Tracker UK Individual Case

Company: BGC Brokers LP and GFI Brokers Ltd and GFI Securities Ltd
Penalty: £4,775,200
Year: 2022
Date: 8 December, 2022
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: BGC Brokers LP, GFI Brokers Limited and GFI Securities Limited were fined £4,775,200 in settlement of a finding by the FCA that the companies had failed to properly implement their market abuse surveillance systems, leading to an increased risk that potentially suspicious trading would go undetected.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
Source of Data(click here)