FCA Finds Insider Dealing Surveillance Gaps at Seven UK Retail Brokers
By Damian Chmiel
Source excerpt · Finance Magnates
Seven UK retail brokers had material weaknesses in the systems meant to catch insider dealing by clients, the Financial Conduct Authority (FCA) said yesterday (Wednesday). It named none of the firms. All seven were required to strengthen their surveillance after the visits. In some cases the FCA used skilled person reviews, carried out by outside experts, to check the fixes. London's trading indus…