UK FSA hits FX broker with £85,750 fine

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 segregated from firm money. This meant client funds would have been at risk should the firm hit financial dif