Ian Mason is a Legal Director in the Financial Services and Regulatory team of DLA Piper LLP and a former Head of Department in the Enforcement Division of the FSA. He is also a member of the Practical Law Financial Services consultation board.

On a regular basis, Ian shares his thoughts with Practical Law Financial Services subscribers on topical developments in the area of market conduct.

In his column for February 2018, Ian considers the recent FCA enforcement action against Interactive Brokers (UK) Ltd (IBUK). The FCA fined IBUK for failing to take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management systems regarding the detection and reporting of potential instances of market abuse.