Irish central bank fines Irish unit of Cantor Fitzgerald 450,000 euros
ReutersFeb 27, 2025 11:23 AM
DUBLIN, Feb 27 (Reuters) - Ireland's central bank fined the Irish unit of Wall Street brokerage Cantor Fitzgerald 452,790 euros ($474,705) on Thursday for failing on a number of occasions to report suspicious transactions that may have indicated market abuse.
A central bank investigation identified six sample occasions of concern spanning from 2017 to 2022 when Cantor's surveillance system detected potentially suspicious transactions but the broker was "reckless" in failing to report them to regulators.
Cantor Fitzgerald Ireland confirmed to the regulator that it had remediated the failings identified during the investigation by June 2023, the central bank said in a statement.
($1 = 0.9538 euros)
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