Guernsey’s Court of Appeal has upheld the judgment that none of the US investment firm The Carlyle Group, its investment manager, Carlyle Investment Management LLC, or the directors of Carlyle Capital Corporation, were responsible for Carlyle Capital Corporation, a Guernsey investment fund, going into insolvency in the 2008 financial crash. A judgment handed down on […]

Megan Butler, the FCA’s Director of Supervision – Investment, Wholesale and Specialists, delivered a speech outlining the FCA’s key areas of concern and subsequent activity in the advice and investment management market. https://www.fca.org.uk/news/speeches/assessing-value-financial-advice Highlights: Financial advice and investment management is of unprecedented importance to society, now more than ever. The FCA is particularly active in […]

Complaint numbers for July – September 2017 have been published on CIFO’s website. Brief headlines are given here, for further information, please see the report. In this third quarter of 2017, 119 complaints were received and 29 new case files were opened – these are complaints that are within CIFO’s mandate as set by law. Most […]

The FCA has updated its webpage on investment advisers’ and authorised firms’ responsibilities when accepting business from unauthorised introducers or lead generators. The update notes that many authorised firms receive customer instructions from unauthorised introducers, lead generators and/or other authorised firms (introducers). The FCA is concerned at the increase in cases in which the introducer […]

Consistent with Channel Islands Financial Ombudsman (CIFO) ongoing commitment to transparency, they suggest one of the best ways to understand the type of complaints they see and how they approach resolution is to view case studies. In the category below, you will find links to several case studies that arise from complaints reviewed by CIFO […]