Fsa 'Secures Pounds 196m for Splits Scandal Victims'

Evening Standard - London › December 23, 2004

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Summary

THE Financial Services Authority is on the verge of wresting Pounds 196 million from City firms to compensate thousands of investors who lost money in the split-capital investment trusts scandal.

The settlement will follow months of wrangling with companies desperate to avoid being held liable for fear of being pursued further by investors.

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Extract

Fsa 'Secures Pounds 196m for Splits Scandal Victims'

The first time the FSA has taken on a whole industry and said to be its biggest investigat...

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