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FCA Closes IBP Markets amidst Concerns of Financial Crime Risks

The Financial Conduct Authority (FCA) imposed restrictions on IBP Markets Limited, a wholesale broker, on September 15, 2023. This move is due to concerns by the regulator about the business conduct of the firm and to protect clients' funds. Subsequently, the regulator has halted IBP Markets from conducting regulated activities and prevented it from devaluing its assets, clients' money, and custody assets without its consent. FCA's Restrictions against IBP MarketsThe FCA had previously worked w... Read More

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Posted: Oct 13 2023, 17:51

Author Name: financemagnates

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