City Of London
London Fines Show Brokers’ Role in $1.9 Billion Cum-Ex Scandal
- TJM became third broker to receive penalty from UK regulator
- Broker said Solo Capital was ‘chicken that laid golden egg’
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When Sanjay Shah was detained last month in Dubai, prosecutors hailed the arrest as a key moment in their efforts against a tax scandal that cheated the Danish treasury of a “staggering” $1.9 billion.