Basic Search  |  Summaries  |  Advanced SearchPenalty: £15,400,000
Year: 2019
Date: 11 October, 2019
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Tullet Prebon paid a £15.4 million fine in settlement of the FCA finding that the company failed to have adequate systems and controls to prevent improper broker conduct and failed to act with due diligence to signs of improper broker conduct, resulting in a significant amount of unwarranted brokerage, and also that the company failed to be open and cooperative with the FCA.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: Jersey
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: financial market services
Source of Data: (click here)