The Financial Conduct Authority (FCA) has admitted a break down in discussions led to it failing to achieve a redress deal for investors in collapsed firm Connaught, causing further delays and "serious distress" to investors.
Negotiations had been underway with the FCA and the liquidator of the fund, Capita, and its operator Blue Gate, to see if agreement could be reached on how to address losses in the unregulated collective...
EIS and Seed EIS sectors
'Truly making a difference'
Avoidance, evasion and non-compliance
From 6 April 2019