FSA has fined a foreign exchange broker £85,750 for failing to ensure client money was properly segregated. The failings carried on over around 18 months, and meant some client money would have been at risk had the firm become insolvent. FSA discovered the problems during a thematic review and required a skilled person’s report on the firm. The report noted other problems, including failure to make proper client money calculations and reconciliations and pay interest. There were also weaknesses in senior management information. (Source: FSA fines ActivTrades Plc)