FCA opens independent review of Connaught Income Fund Series 1

Raj Parker, a barrister at Matrix Chambers and part time judge and arbitrator, has been appointed to lead the probe, which the Financial Conduct Authority (FCA) expected would last nine months. The regulator said the review, which will cover the period from 1 February 2007 to 10 March 2015, would not prejudice the remaining aspects of the ongoing enforcement investigation into the Connaught saga. The review itself will look to answer four principal questions: 1) Whether the then-regulator the FSA's regulation of Tiuta Plc, Capita and Blue Gate, and the individuals associated with t...