Financial Services Financial Services

Compliance, reporting failures get Sigma Broking fined over insider-dealing concerns

By Phoebe Seers
  • 06 Oct 2022 14:55
  • 06 Oct 2022 14:55
Behind the fine of 531,000 pounds (around $600,000) and director disqualifications imposed on Sigma Broking today, the UK’s financial watchdog has listed a catalog of errors at the brokerage that let potential insider dealing and financial crime go undetected. 
The Financial Conduct Authority said there was a failure to report

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Phoebe Seers


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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