Galloway's Arch Cru EDM collects 25 signatures

The motion which was tabled last month with support form The IFA Centre, a trade body representing the interests of independent advisers, seeks to draw attention to the failure of the Arch Cru funds between 2006 and 2009. It asks the regulator to hold fund manager Capita Financial Managers Limited (CFML) to account and to arrange full compensation for the 20,000 or so investors affected by the funds' failings. Galloway's motion followed a rally of 650 MPs to discuss the issue, organised by Galloway and The IFA Centre in May. The rally was aimed at educating MPs on how the Arch Cru ...