The FCA has won its long-running legal battle against the fund manager behind the collapsed Arch cru range, paving the way to a ban and fine against the directors totalling £850,000. The legal challenge began back in December 2012 under the FSA when decision notices were issued against Arch Financial Products chief executive Robin Farrell […]

Capita Financial Managers has provided 1,600 names of investors for group litigation order. Advisers may be thrown an Arch Cru lifeline if Capita Financial Managers, Arch Cru’s former authorised corporate director, is found guilty of causing losses to investors as a result of a fresh £16m court claim being brought on behalf of 550 investors. […]