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Violation Tracker UK Individual Case

Company: Macquarie Bank Limited
Current Parent CompanyMacquarie
Parent at the Time of the Penalty Announcement: Macquarie
Penalty: £13,031,400
Year: 2024
Date: 26 November, 2024
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: The FCA fined Macquarie Bank Limited - London Branch £13 million for serious failings that allowed one of its employees to record over 400 fictitious trades in a bid to hide his trading losses.
Settlement Type: Settlement with FCA
Agency: Financial Conduct Authority
HQ Country of Parent: Australia
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: financial services
Source of Data(click here)