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Sigma Broking Limited handed GBP1 million fine by UK's FCA

( August 1, 2025, 11:28 GMT | Official Statement) -- MLex Summary: Sigma Broking Limited has been fined 1,087,300 pounds by the UK's Financial Conduct Authority for failing to submit correct transaction reports for 5 years. The watchdog said failures were caused by incorrect system setup and stayed uncorrected due to weaknesses in reporting processes. This is the second enforcement action against Sigma for inadequate transaction reports. Steve Smart, joint executive director of enforcement and market oversight at the FCA, said: "Sigma’s failures were serious, sustained and showed a lack of care." Statement is attached....

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