Broker Teather & Greenwood has been brought into the FSA's settlement with split cap firms after agr...
Broker Teather & Greenwood has been brought into the FSA's settlement with split cap firms after agreeing to make a £300,000 contribution to a compensation fund. As revealed by Investment Week last week, Exeter Asset Management has also become subject to the deal after contributing £1m. The contributions will be paid to Fund Distribution Limited (FDL), the company established to administer payments. The FSA said the agreement with Teather & Greenwood will not change the number of investors who will be eligible for a distribution but will slightly increase the potential recovery for them....
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