The Financial Services Compensation Scheme (FSCS) has said it is not able to reach a verdict on the liability of advisers who recommended property investment Arck and who have had a claim against them due to ongoing criminal proceedings against two former...
Yorkshire Bank has said it will respond to investor claims it was negligent in relation to failed investment Arck by the end of the month - the latest date possible under legal rules.
The ex-directors of failed unregulated collective investment scheme (UCIS) Arck received in excess of £4m from the business before it collapsed, according to a liquidator's report.
The Financial Services Compensation Scheme (FSCS) has said it is awaiting the results of a Serious Fraud Office (SFO) investigation into failed property investment Arck before deciding whether it will compensate over advice to invest in it.
A group of 16 MPs has pledged to support investors in failed scheme Arck in their fight to get redress from Yorkshire Bank.
Yorkshire Bank has "serious questions to answer" over failed property scheme Arck LLP - now under investigation by the Serious Fraud Office (SFO) - which left investors millions of pounds out of pocket, an MP has said.