A UK regulator Thursday fined and banned two former senior executives at broker RP Martin for compliance failings in relation to rate rigging.

The Financial Conduct Authority fined Martin Brokers' former chief executive, David Caplin, £210,000 ($317,824) and former compliance officer, Jeremy Kraft, £105,000. Both were banned from holding senior roles in the finance industry. The fines come eight months after the brokerage was fined for allegedly helping a trader rig an interbank lending benchmark.