Forex Capital Markets Limited (“FXCM Ltd”) & FXCM Securities Limited (“FXCM Securities”) (together “FXCM UK”) Fined £4,000,000 by the Financial Conduct Authority

Forex Capital Markets Limited (“FXCM Ltd”) & FXCM Securities Limited (“FXCM Securities”) (together “FXCM UK”) Fined £4,000,000 by the Financial Conduct Authority

United Kingdom

  • 02/26/2014
  • Fine
  • 4,000,000.00
  • FCA

Detail

For allowing the US based FXCM Group to withhold profits worth approximately £6 million ($9,941,970) that should have been passed on to FXCM UK’s clients.

Source Link

https://www.fca.org.uk/publication/final-notices/forex-capital-markets-limited.pdf

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