The U.K. Financial Conduct Authority (FCA) issued a landmark fine against trading platform Infinox Capital for failing to report “high-risk” transactions, the first-ever enforcement under a 2018 law.
The fine, worth 99,200 pounds (U.S. $123,300), was issued by the agency against Infinox for breaching transaction reporting requirements of the U.K. Markets in Financial Instruments Regulation, which came into effect in January 2018.
