Asymmetric forex pricing: FCA final notice | Practical Law

Asymmetric forex pricing: FCA final notice | Practical Law

The Financial Conduct Authority has issued a final notice to Forex Capital Markets Ltd and FXCM Securities Ltd imposing a fine of £4 million for retaining the benefit of favourable price movements that should have been passed to customers and for failing to make appropriate disclosures to the Financial Services Authority, the Financial Conduct Authority’s predecessor.

Asymmetric forex pricing: FCA final notice

Practical Law UK Articles 9-561-9129 (Approx. 2 pages)

Asymmetric forex pricing: FCA final notice

by Slaughter and May and Practical Law Financial Services and Practical Law Corporate
Published on 27 Mar 2014 • United Kingdom
The Financial Conduct Authority has issued a final notice to Forex Capital Markets Ltd and FXCM Securities Ltd imposing a fine of £4 million for retaining the benefit of favourable price movements that should have been passed to customers and for failing to make appropriate disclosures to the Financial Services Authority, the Financial Conduct Authority’s predecessor.