United Kingdom
Tax & Regulation | 29 Sep 16
Former UK BlackRock fund manager charged with insider dealing
Mark Lyttleton, a former star manager of BlackRock UK Absolute Alpha, has been charged with three counts of insider dealing by the Financial Conduct Authority (FCA).
UK property freeze thaws but open-ended fund days numbered
Following suspensions of trading and value adjustments at most of the leading UK property funds in early July, September has seen the crisis abate to a large extent.
Tax & Regulation | 27 Sep 16
Adviser gets extra prison time for failing to repay investors
A financial adviser who funded a lavish lifestyle from investments in an unauthorised collective investment scheme has had an extra 603 days added to his prison sentence for failing to comply with a court order to repay investors.
Albion Ventures to acquire OLIM IM from Close Brothers
UK-based venture capital investor Albion Ventures has agreed to acquire OLIM Investment Managers from Close Brothers Group.
Tax & Regulation | 26 Sep 16
HMRC wins latest battle against adviser’s £916m tax-dodging scams
The UK tax office has won its tenth legal case against a serial tax avoidance promoter, NT Advisors, after it was found guilty of circulating payments for no other reason other than to generate tax deductions.