Channel Islands Stock Exchange closed to new members

The problems were highlighted during an investigation by the Guernsey Financial Services Commission (GFSC), which has been going on for 20 months, according to the BBC. Chairman John Moulton said it related to "historic activities" rather than "current matters". "The CISX has recently made provision for around £500,000 in respect of costs to date and possible regulatory settlements although no liability for such is currently admitted," he said in a statement. The failed Arch Cru fund range was listed on the CISX before being suspended due to liquidity problems in March 2009. Inv...