The fund managers and stockbrokers that ran offshore split capital investment trusts which collapsed...
The fund managers and stockbrokers that ran offshore split capital investment trusts which collapsed between 2001 and 2003 have until the middle of March to decide whether to comply with the regulator"s demand for them to compensate investors for their losses. The order to the companies by the UK"s Financial Services Authority (FSA) came at the start of March as the regulator pursues its investigation of the causes of the splits" collapses for illegal collusion and/or misleading marketing. The FSA"s 60-strong team has listened to 27,000 taped conversations and examined splits" share issu...
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