The Financial Services Authority and Arch cru investors are caught in a 'Catch 22' deadlock over the release of information about Capita's role in the run up to the funds' suspension.
The Financial Services Authority (FSA) has said it believes no-one may be responsible for Arch cru investors' losses.
J.P. Morgan's Private Equity limited has completed the purchase of a range of assets held by the former Arch cru funds.
A lawyer representing around 2,700 investors in the suspended Arch cru funds said today's letter from Capita detailing possible offers they could receive only created "more confusion not clarity".
Cru founder Jon Maguire has closed the Bristol-based fish and chip shop he bought after the Arch cru fund he marketed collapsed.
J.P. Morgan Private Equity Ltd (JPEL) has moved to snap up assets from the former Arch cru portfolios in a deal worth £56.5m.
The chairman overseeing the winding up of the Arch cru fund range has begun legal proceedings against Arch Financial to reclaim multi-million pound losses to the cells he alleges were caused by the manager's "negligence and wrong doing".
Arch cru investors want to know why Capita won't be fined like 27 other firms who they say failed in the same way. Levy paying IFAs should want to know too.