FCA v. Jeremy Kraft (2015)

Settled

Checked against the primary document on October 2, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In January 2015 the FCA fined Jeremy Kraft, a director and compliance officer at broker Martin Brokers, £105,000 and prohibited him from significant influence functions for failing to manage the firm's compliance risks, in the wake of Martins' brokers' role in LIBOR manipulation. The notice concerns his supervision failures, not his own manipulation.

The record

Structured fields for this action, as recorded in our case library.
Agency	FCA
Date filed	2015-01-22
Date resolved	2015-01-22
Status	settled
Asset class	bonds
Criminal parallel	No
Defendants	Jeremy Kraft (individual)
Techniques

What was ordered

Civil penalty: —
Disgorgement: —
Prejudgment interest: —
Total relief: —
Alleged gain: —
Penalty as published: £105k

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars. This regulator states penalties in GBP. The figure is recorded as published and is not converted, so it does not appear in the USD totals or medians used elsewhere on this site.

What is alleged to have happened

the Financial Conduct Authority announced this matter on January 22, 2015. The respondents named are Jeremy Kraft (1 individual, 0 entities).

The notice finds Kraft inadequately assessed compliance risks, delegated compliance to unqualified staff and did not challenge the chief executive or monitor brokers, breaching Statements of Principle 6 and 7. This library carries no technique tag on this matter.

The conduct is recorded against bonds.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

Timeline

2015-01-22 FCA final notice

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

FCA final notice

The linked release is published by the issuing regulator under its own terms. Our summary and narrative above are our own writing.

Record added September 10, 2026. submit a correction.