Financial Conduct Authority has fined Citigroup £27,766,200 for failures in its trading systems and controls

Failures in the firm’s systems and controls led to US$1.4bn of equities being sold in European markets when they should not have been. On 2 May 2022, a Citigroup Global Markets Limited (CGML) trader had intended to sell a basket of equities to the value of US$58m. „The trader made an inputting error while entering […] The post Financial Conduct Authority has fined Citigroup £27,766,200 for failures in its trading systems and controls appeared first on NOCASH ® de 23 ani.

Financial Conduct Authority has fined Citigroup  £27,766,200 for failures in its trading systems and controls

Failures in the firm’s systems and controls led to US$1.4bn of equities being sold in European markets when they should not have been. On 2 May 2022, a Citigroup Global Markets Limited (CGML) trader had intended to sell a basket of equities to the value of US$58m. „The trader made an inputting error while entering […]

The post Financial Conduct Authority has fined Citigroup £27,766,200 for failures in its trading systems and controls appeared first on NOCASH ® de 23 ani.