FCA Urges Crackdown On Abuse In Nonequity Markets

Law360, London (February 13, 2019, 5:01 PM GMT) -- The investment industry still has work to do to improve its oversight of nonequity markets so that financial companies can prevent and catch criminals who are manipulating trades, the Financial Conduct Authority said Wednesday.

The Financial Conduct Authority on Wednesday said the investment industry needs to step up its oversight of nonequity markets, which the watchdog said have been subject to "significant" abuse. (Getty) In a bid to dispel the myth that manipulation only occurs in stock markets, Julia Hoggett, FCA director of market oversight, said the watchdog has seen "significant" abuse in nonequity markets, which include fixed-income and foreign-exchange trading, over...

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