IBP Markets Ltd (07126254): administration

Status

In administration

Administration began

2023-10-13

Administrators

David Philip Soden, James Robert Bennett

Administrators' firm

Teneo

Formerly

AC Global Markets Limited; Alma Capital Limited; Alma Securities Limited

Incorporated

2010-01-15

Location

Birmingham

Industry

64999 Financial intermediation not elsewhere classified

From the administrators' statement

The Company has been subject to significant scrutiny from the FCA since December 2022. This was primarily driven by concerns in relation to:

* the accuracy of the Company's books and records; * purported breaches of regulations (notably re. CASS); * conflicts of interest with Clients and Service Provider A; and

¢ the Company being at risk of being used for a purpose connected with financial crime.

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IBP Markets Ltd (07126254)

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