Basic Search  |  Summaries  |  Advanced Search

Violation Tracker UK Individual Case

Company: Linear Investments Limited
Penalty: £409,300
Year: 2019
Date: 29 April, 2019
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Linear Investments was ordered to pay £409,300 fine by the Tribunal, after a finding by the FCA that the company failed to have adequate systems in place to spot market abuse in trades undertaken by its brokers. Linear agreed to all issues of fact and liability in settlement, but disputed the penalty charge, which was refered to the Upper Tribunal and confirmed with a Final Notice on 29 April 2019.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
Source of Data(click here)