Central Bank fines investment firms Octagon Online Services and Lambay Capital

Two investment firms have been fined a combined €154,000 by the Central Bank for regulatory breaches.

Central Bank fines investment firms Octagon Online Services and Lambay Capital
Thu, 10 Dec, 2015 - 00:00
Geoff Percival

The bank’s enforcement division yesterday confirmed settlements with Octagon Online Services to the tune of €105,000, and Lambay Capital, which trades as MKW Futures, for €49,000 regarding breaches of obligations. Both firms had previous instances of such failures.

Octagon acts as an intermediary for investors looking to deal in US-based securities and it earns commission on each trade placed by clients.

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CourtsCentral BankOctagon Online ServicesLambay CapitalfinePlace: USPerson: Derville RowlandOrganisation: Central BankOrganisation: Octagon Online ServicesOrganisation: Lambay CapitalOrganisation: MKW FuturesOrganisation: OctagonOrganisation: LambayOrganisation: MKW
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