I think FCA is strict enough with the brokers.

This is a discussion on I think FCA is strict enough with the brokers. within the First Steps forums, part of the Reception category; On the contrary I think the FCA is very strict with brokers. The FCA was brought in to replace the ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Sep 12, 2013, 11:01am   #1
Joined Aug 2013
I think FCA is strict enough with the brokers.

On the contrary I think the FCA is very strict with brokers. The FCA was brought in to replace the FSA and one of the reasons for that being the scandals that came about in recent years. As a result of this the FCA has further reaching powers than the FSA did.

Following financial scandals over recent years the Financial Services have come more in to the spotlight. One of their responsibilities is to improve financial conduct in the retail and wholesale markets. Bering under the watchful eye of the Treasury Select Committee I think the FCA would want to be seen as doing its job well and brokers will have to be strictly regulated.

What is your opinion?
lucas_king is offline   Reply With Quote
Old Sep 13, 2013, 2:05pm   #2
Joined Aug 2013
Manipulating the market is a form of Market Abuse. This is a criminal act which carries severe legal consequences and a subject that is very much to the forefront of crime prevention activities in the financial industry. A person found guilty of Market abuse can expect to suffer a prison sentence.

All financial operations (in the UK at least) have a compliance officer and any one worth his salt will pick up incidents of this nature and take the appropriate action, independently of the firm if needs be, to bring this to the attention of the appropriate authorities. Manipulation of the market is not a good idea!!
yellowfloyd is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
A Guide to Forex Brokers: what Market Maker, STP and ECN brokers really are miko432 General Trading Chat 0 Jun 24, 2009 7:08pm
A Brokers Guide explaining what Market Maker, STP and ECN brokers really are miko432 General Trading Chat 0 Jun 23, 2009 4:11pm
Direct access brokers vs Online brokers PeterB Brokerages 2 Dec 13, 2006 6:33pm
Brokers neil Brokerages 1 May 12, 2006 12:28pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)