Sigma Broking failed to transaction report the 2nd side of 56,000 matched principal transactions (Final Notice, 2.9). Additionally, Sigma Broking failed to identify 97 suspicious transactions or orders, which should have been reported collectively to the Authority as 24 STRs/STORs (Final Notice, 2.11) As a result, the FCA has issued the following sanctions (FCA Website);
Sigma Broking Ltd: fined £531,000
Simon Tyson (former chief executive and director): prohibited from holding significant management functions in firms regulated by the FCA & fined £67,900
Stephen Tomlin (former director): prohibited from holding significant management functions in firms regulated by the FCA & fined £69,600
Matthew Kent (current director): fined £83,600