FX broker fined £3.44m over misleading information
Foreign exchange options broker TFS-ICAP Ltd has been fined £3.44m by the Financial Conduct Authority (FCA) for communicating misleading information to clients.
The regulator said that between 2008 and 2015, brokers at TFS-ICAP carried out the practice of ‘printing’ trades, a process which meant they told their clients that a trade had occurred at a particular price and/or quantity when no such trade had actually taken place.
Read more at the Accountancy Daily.
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