FSA "seriously investigating" 10 splits firms Tiner tells AITC conference

FSA managing director John Tiner has warned the annual AITC conference of directors that he has "run out of fingers" needed to count the number of split capital investment trust companies being investigated for having conned investors. This is at least a doubling of the number indicated when Tiner together with FSA chairman Howard Davies gave evidence before the Treasury Select Committee in November last year on the splits issue. Tiner would not give a precise number of firms, but says the regulator has been uncovering a "spider's web" of collusion between split capital manage...