Skip to Primary Navigation

Skip to main content

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

FCA HQ
Photo: FCA

Martin Cloake

<1 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

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

, , , ,

Get full access, free for a month

This is a Premium article. Start your 28-day free trial to continue reading and access all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience