RegActions records a disclosed FCA monetary penalty of £4,775,200 dated 8 Dec 2022 for three broker firms.
Case facts
| Firm or individual | three broker firms |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 8 Dec 2022 |
| Penalty | £4,775,200 |
| RegActions breach classification | Market abuse |
| Public case ID | 2b2a0426-c044-458e-bf44-161db4a526a9 |
Case summary
FCA fines three broker firms £4,775,200 for failures relating to the detection of market abuse Last updated: 05/12/2025 See all updates The FCA has fined BGC Brokers LP, GFI Brokers Limited and GFI Securities Limited (together, BGC/GFI) £4,775,200 for failing to ensure they had appropriate systems and controls in place to effectively detect market abuse. BGC/GFI failed to properly implement the Market Abuse Regulation (MAR) trade surveillance requirements.
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.