The FSA has issued a press release advising that it has concluded its investigation into split capital investment trusts. The FSA has been investigating the activities of certain fund managers and brokers in the split capital investment trust sector between September 2000 and February 2002.
The background to the FSA's investigation into the split capital investment trust sector together with details of its settlement with 20 firms are set out in the following FSA press releases:
- 24 December 2004 (PN/2004/114).
- April 2005 (PN/2005/037 and PN/2005/038)