Update: Connaught fund investigator calls for evidence on FCA review

Liquidated in 2012

Mike Sheen
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Barrister Raj Parker will review the regulator's handling of the fund's collapse
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Barrister Raj Parker will review the regulator's handling of the fund's collapse

Raj Parker, the man charged with investigating the Financial Conduct Authority's (FCA) predecessor’s handling of the collapse of the Connaught Income Fund Series 1 fund, has called for people to come forward with evidence to aid the investigation.

Connaught Income, which went into administration in 2012, was found to have misled investors, more than 1,200 of which ultimately saw their £66m of collective investment returned.  In June, barrister Parker was appointed as an independent reviewer of the "lessons learned" reviews commissioned by the FCA's board, with his investigation expected to last nine months. The investigation has now officially opened. In a statement Parker confirmed that the "assessment of the FSA/FCA's actions and any lessons to be learned will be made publicly available", urging "anyone who has been affect...

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