Summary
THE Financial Services Authority yesterday began sending to the 21 firms involved in its split-capital trust investigation what it said was "substantive" evidence, likely to persuade the firms to agree a compensation settlement.
Leading firms, whilst not having yet seen the evidence, were insisting that it would show no illegalities. However, they were also talking up the prospects of reaching an agreement based on voluntary payment.See the full content of this document
Extract
Fsa Sends 'Evidence' to Split-Cap Firms
A source at one prominent fund manager said: "Up to now the FSA evid...
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