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FCA fines Sigma, bans directors after thousands of CFD transactions go unreported

FCA HQ
Photo: FCA

Martin Cloake

<1 min read
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Fines totalling £731,000 ($817,000) and sanctions on two directors have been imposed on Sigma Broking Limited by the FCA.

Failure to make reports crucial in preventing potential market abuse have resulted in a fine of £531,000 ($594,000) being imposed on Sigma Broking Limited by the FCA. In addition, three directors have been fined a total of £200,000 ($224,000), with two of them prohibited from holding significant management functions in FCA-regulated firms.

The FCA

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