FinanceMagnates
The
Financial Conduct Authority (FCA) has imposed a £9.2 million fine on the London
Metal Exchange (LME) for inadequate systems and controls during extreme market
volatility, marking the regulator’s first enforcement action against a UK “Recognized
Investment Exchange.”London Metal Exchange
Fined £9.2 Million by FCA The fine
stems from events between March 4-8…
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London Metal Exchange Sent Junior Staff on Night Shift, Now Must Pay FCA Over £9 Million Fine
Damian Chmiel
15:21
The Financial Conduct Authority (FCA) has imposed a £9.2 million fine on the London Metal Exchange (LME) for inadequate systems and controls during extreme market volatility, marking the regulator’s first enforcement action against a UK “Recognized Investment Exchange.”London Metal Exchange Fined £9.2 Million by FCA The fine stems from events between March 4-8…
