ClosedFCIC-2026-004
Failure to Maintain Adequate Risk Controls
Respondent: Pacific Holdings Financial Corp.
- Action Type
- Sanction
- Opened Date
- August 20, 2025
- Decision Date
- June 20, 2026
- Penalty Amount
- $75,000
- Legal Basis
- FCIC Risk Management Standards Section 5.1
Summary
Pacific Holdings was found to have insufficient risk management controls for its derivative trading activities.
Outcome
Sanction imposed with requirement to appoint an independent risk management consultant.
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