Irish central bank fines Irish unit of Cantor Fitzgerald 450,000 euros
Adds company response in paragraph 3
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.
A Cantor Fitzgerald Ireland spokesperson said the company was "pleased to have resolved this matter with the Central Bank of Ireland related to issues which were fully remediated by June 2023."
($1 = 0.9538 euros)
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