UK FSA hits FX broker with £85,750 fine
Regulator says ActivTrades failed to properly segregate clients' funds from its own
ActivTrades, a UK broker specialising in foreign exchange, has been fined £85,750 by the UK Financial Services Authority (FSA) for failings in handling client money.
Between April 2009 and September 2010, the amount of client money held by ActivTrades ranged from £3.4 million to £23.6 million, according to the FSA. However, it says, ActivTrades failed to make sure this money was properly
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