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Violation Tracker UK Individual Case

Company: Xcap Securities PLC
Penalty: £120,900
Year: 2013
Date: 31 May, 2013
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Xcap paid a £120,900 fine in settlement of a finding by the FCA that the company failed to properly organise and document client money and assets, placing clients at risk of loss if the company became insolvent, failed to pay interest received on client accounts, and failed to immediately report failures in complying with FCA rules.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
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