The Financial Services Authority (FSA) has moved to ban and fine Arch Financial Products (AFP) directors Robin Farrell and Robert Addison for failings related to the management of the Arch cru fund range.
AFP, Farrell and Addison have referred the matters to the Upper Tribunal where they and the FSA will each present their case. The Tribunal will then determine the appropriate action for the FSA to take....
Increased weighting by 50% in four months
Been at HSBC since 2007
Net revenues down 29% over H2 2015
Reported record net flows for 2015
Oil, industrials and banks dividends at risk