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FCA flags “material weakness” in retail brokers’ market abuse surveillance

Montage with the FCA logo and a street sign.
GRIP Montage: FCA/Getty Images

Market Watch 86 shows regulator is serious about its expectations of firms in connection with the detection and reporting of suspected market abuse.

The latest edition of the FCA’s Market Watch details seven visits to retail brokerage firms by FCA staff. All seven were required to take remedial action.

The visits focused mainly on insider dealing at UK brokers handling large volumes of retail single-stock equity trading. They also covered other market abuse

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