Yorkshire Bank has been accused of failing to help investors who lost money in failed property firm Arck, despite setting up a dedicated "support scheme" brokered by the Financial Conduct Authority (FCA), prompting a lawyer to raise the issue with MPs.
Arck used financial advisers to market unregulated ‘sale and repurchase' (SARP) property developments in Cape Verde and Canada, offering high returns with no risk to capital, to approximately 700 investors...
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress