January 25, 2018 / 10:25 AM / in 5 months

UK business of Interactive Brokers Group fined for poor controls

LONDON, Jan 25 (Reuters) - The UK business of Interactive Brokers Group has been fined just over one million pounds ($1.43 million) for poor market abuse controls and failure to report suspicious client transactions over a one-year period.

The Financial Conduct Authority (FCA) said on Thursday it had fined the London-based online broker, which arranges and executes financial transactions for UK clients, for failings in its post-trade systems and controls for the period from February 2014 to February 2015.

$1 = 0.7006 pounds Reporting by Kirstin Ridley; editing by Jason Neely

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