ICAP PLC Employees Find Themselves in Trouble

When you go to a financial institution for financial planning and investment advice, you expect that institution to be trustworthy. Unfortunately, however, fraud often runs rampant in these institutions. On the bright side, though, more and more of these fraudulent financial institutions are being caught and punished every day.

Being “caught and punished” is something that ICAP PLC, a interdealer broker based out of London, has recently learned all too much about. Many of the brokerage firm’s employees are facing charges for fraud. These employees are accused of manipulating London Interbank’s offered rate, among other crimes.

Obviously, you’ll want to avoid dealing with untrustworthy financial institutions such as this one, but how can you tell a “good” institution from a “bad?” One way is to look at the institution’s track record; if it’s never been in trouble before, chances are you have nothing to worry about. In Naperville, get financial advice from a firm with a squeaky clean past: Platinum Financial Associates.