Eea Life Settlements Fund
Adviser fined 900k fine and industry
A former chairman of PFC International has had his licence revoked and been fined $900,000 for mis-selling the EEA Life Settlements Fund to clients.
EEA group slams FCA for victimising advisers
A group representing investors into the EEA Life Settlements Fund has criticised the FCA for continuing to harm advisers by encouraging complaints against them in its bombshell warning on the controversial fund last week.
Tax & Regulation | 26 Sep 14
EEA defends advisers in response to FCA
EEA Fund Management has published a letter defending the role of advisers which sold its life settlements fund.
FCA urges EEA investors to register complaints
In a highly unusual step, the Financial Conduct Authority has issued a statement urging investors in the EEA Life Settlements Fund to make a complaint to the firm which sold the investments before time runs out.
‘Death bond’ investor action group to take on UK Gov’t
A consumer action group has been set up by investors in a so called “death bond” fund to take on the UK Government which it believes holds responsibility for investor losses.