Arch's Farrell disappointed by 'regrettable' Tribunal ruling

Carmen Reichman

Arch Financial Products (AFP) chief executive Robin Farrell and former compliance officer Robert Addison have said they are "disappointed" with an Upper Tribunal decision to uphold a regulatory ban and fine against them, but felt "vindicated" by parts of the judgement.

In a ruling issued on 19 January, Tribunal judge Tim Herrington upheld a Financial Services Authority (FSA) decision from 2012 to ban and fine the pair £850,000, for "recklessly" mismanaging confli...

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