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FCA imposes £1.66M fine on Mako for failings relating to cum-ex trading

This eighth enforcement case brought by the FCA, concludes its investigations into cum-ex trading.

The FCA has fined Arian Financial LLP £288,962.53 for failing to ensure it had effective systems and controls against financial crime.

The FCA has fined Bastion Capital London Limited (in liquidation) £2,452,700 for serious financial crime control failings.

The FCA has fined ED&F Man Capital Markets Ltd (‘MCM’) £17,219,300 for serious failings in its oversight of cum-ex trading.