FCA fines / 2014 / Forex Capital Markets Limited (“FXCM Ltd”) & FXCM Securities Limited (“FXCM Securities”) (together “FXCM UK”)
Forex Capital Markets Limited (“FXCM Ltd”) & FXCM Securities Limited (“FXCM Securities”) (together “FXCM UK”) FCA fine
RegActions records a disclosed FCA monetary penalty of £4,000,000 dated 26 Feb 2014 for Forex Capital Markets Limited (“FXCM Ltd”) & FXCM Securities Limited (“FXCM Securities”) (together “FXCM UK”).
Case facts
| Firm or individual | Forex Capital Markets Limited (“FXCM Ltd”) & FXCM Securities Limited (“FXCM Securities”) (together “FXCM UK”) |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 26 Feb 2014 |
| Penalty | £4,000,000 |
| RegActions breach classification | Not classified |
| Public case ID | 27ea3091-8e4a-4681-be78-3fc72129c3ea |
Case summary
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.
Official evidence
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Scope
This page describes one source-linked monetary record. RegActions excludes non-monetary outcomes and amounts awaiting review from FCA fine totals. The FCA publication remains the authoritative source.