Arch's Farrell disappointed by 'regrettable' Tribunal ruling

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Arch Financial Products (AFP) chief executive Robin Farrell and former compliance officer Robert Addison have said they are "disappointed" with an Upper Tribunal decision to uphold a regulatory ban and fine against them, but felt "vindicated" by parts of the judgement.

In a ruling issued on 19 January, Tribunal judge Tim Herrington upheld a Financial Services Authority (FSA) decision from 2012 to ban and fine the pair £850,000, for "recklessly" mismanaging conflicts...

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