FSA fines Credit Suisse and two others £4.2m for transaction reporting failures
Inadequate reporting systems and controls to prevent market abuse leads to £4.2m fines for three London firms.
The Financial Services Authority (FSA) has fined three firms a total of £4.2 million for failure to report transactions fast and accurately.
Swiss investment bank Credit Suisse was fined £1.75 million, market-maker Getco Europe was fined £1.4 million and agency broker Instinet Europe was fined £1.05 million by the UK regulator.
The FSA said firms are required as part of its market abuse regime to
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