The FCA has published a Decision Notice against Linear Investments Ltd, a specialist prime broker and hedge fund incubator, which failed to ensure adequate detection and prevention of potential market abuse, a breach of FCA Principle 3 (“a firm must take reasonable care to organize and control its affairs responsibly and effectively, with adequate risk management systems”).
September 27, 2018
FCA publishes Decision Notice against Linear Investments Limited in relation to market abuse control failures
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