FSA steps up split caps probe

UK - The city watchdog has stepped up its investigation into split caps, with the announcement that it has started swooping on investment firms involved in the controversial trusts.

The review started this week and focuses on financial advisers, who sold and marketed the products, and investment managers.

The Financial Services Authority wants to determine if there is any evidence of misselling or collusive behaviour within the so-called "magic circle", which could constitute market abuse.

Sp

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: