The Financial Services Compensation Scheme (FSCS) has determined that financial advisers are liable for investors' losses in £60m property investment scheme Arck and has begun inviting claims.
It said it had established that failed financial advisers are liable for losses resulting from bad advice to invest in unregulated Arck related investments, which included Estrela Santiago, Paradise Beach,...
More than 4,500 retail investors affected
Ahead of December deadline
Advisers should reconsider process
In preparation for December deadline
After failing to turn up to hearing twice
Lost to Labour's Mick Whitley
Landslide win for Tories