Improper record keeping and monitoring penalty

A broker has been fined just over 83,000 GBP  (after applying an early settlement discount) by ICE Futures Europe for failure to keep proper records of activity and improper monitoring. The disciplinary notice can be found here.

The fine relates to the lack of organisation behind monitoring  for breaches of the exchange rules, as well as failure to keep records of telephone conversations, for the required 7 years.

 

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