UK - The Securities and Futures Authority (SFA), a subsidiary of the Financial Services Authority (FSA), has fined three companies £1.24m for breaching the previous FSA Principle 9, which required firms to control and organise their business responsibly.
Capel Cure Sharp (CCS), now trading as Gerrard, has been reprimanded and fined: - £500,000 for failing to carry out reconciliations of a bank account within the required time frames; and- £200,000...
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