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The UK’s financial watchdog has fined broker and wealth manager WH Ireland £1.2m for “serious” failings related to the way it supervised its staff.
The Financial Conduct Authority (FCA) said WH Ireland had breached rules on risk management and oversight between January and June 2013 because it did not have effective controls in place to prevent market abuse at the company.
This included a lack of controls to make sure that inside information didn’t leak from the private to the public side of the business and inadequate personal account dealing rules for employees.
The original article can be found at telegraph.co.uk