FCA accuses Arch directors of 'evasive' answers at Tribunal hearing

In its closing statement at the pair's Upper Tribunal hearing in London, Monica Carss-Frisk QC, of Blackstone Chambers and representing the FCA, said Farrell and Addison had given "evasive answers" and sought to "avoid dealing with points in a straightforward way" when presenting their case. They had also presented new evidence during the hearing, Carss-Frisk added. Farrell and Addison are appealing a ban imposed on them by the FCA's predecessor regulator, the Financial Services Authority (FSA), for what it considered "reckless" failings in managing conflicts of interest at AFP, which wa...