UK Financial Conduct Authority Fines Interactive Brokers (UK) Limited £1,049,412 For Poor Market Abuse Controls And Failure To Report Suspicious Client Transactions

The Financial Conduct Authority (FCA) has today imposed a financial penalty on Interactive Brokers (UK) (IBUK) in the amount of £1,049,412 for failings in its post-trade systems and controls for identifying and reporting suspicious transactions in the period February 2014 to February 2015 (‘the Relevant Period’).