FinesFSMA
FOREX TB LIMITED
FRN 7298749 August 2024Fine · £276,100
01 · In plain English
What happened.
The Financial Conduct Authority fined FOREX TB Limited (FRN 729874) £276,100 for breaches of Principle 6 and section 20 of the Financial Services and Markets Act 2000. Principle 6 requires firms to pay due regard to customers’ interests and treat them fairly; section 20 FSMA requires firms to operate only in accordance with the permissions they have (the FCA found the firm failed to do so while operating under the Temporary Permissions Regime). The penalty was imposed on 9 August 2024; the FCA published a Final Notice setting out the breaches and the sanction.
Summary generated from the FCA notice and press reports. Check the final notice below before relying on it.
02 · Enforcement details
What the FCA published.
On 9 August 2024, the Financial Conduct Authority fined FOREX TB LIMITED £276,100. This Final Notice refers to breaches of Principle 6 and Section 20 FSMA related to the unfair treatment of customers and failing to operate in accordance with permission while operating under the Temporary Permissions Regime. We imposed a financial penalty. Source: the FCA's published list of 2024 fines. Notice:
03 · Firm details
Firm on the FCA register.
- Firm name
- FOREX TB LIMITED
- Firm reference number
- 729874
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