The Financial Services Authority has begun an investigation into firms which recommended Arch Cru investments.
Earlier this month, IFAonline highlighted the likelihood advisers who recommended Arch Cru investments would soon face a similar attack on their advice as those who recommended Keydata products. Now in a letter to advisers seen by IFAonline the FSA states it is currently carrying out an investigation into firms which sold CF Arch Cru funds to retail clients on an advised or discretionary or mixed basis during the period July 2006 to March 2009. The CF Arch cru funds in scope of the probe are the Investment Portfolio fund, Specialist Portfolio fund, Balanced fund, Global Growth fund, I...
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