Takeaways From The Capita Financial Managers Sanction
The collapse had caused the loss of around £118 million to investors. CFM’s failings related to a period between 2008 and 2009 where it had been the fund’s operator.
The FCA’s final notice stated that, given the failures it identified, a £15 million fine against CFM would have been appropriate. However, no fine was imposed. This...
To view the full article, register now.