FCA fights for wounded Connaught clients

FCA fights for wounded Connaught clients




The Financial Conduct Authority will continue to attempt to claim back the losses of investors in the Connaught Series 1 Fund.

The Financial Conduct Authority will continue to attempt to claim back the losses of investors in the Connaught Series 1 Fund.

Former operators of the fund included Capita Financial Managers Limited and Blue Gate Capital Limited.

The Regulator has been working with the liquidator to see if an agreement can be reached to re-pay the losses by investors in the fund.

The FCA now believes that it is worthwhile continuing the process and will provide the affected with an update by the first week of March.

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