Originally published at: https://whichinvestmenttrust.com/our-view-put-these-kids-to-bed-now/
There is something rotten about the FCA if it takes the investment trust trade body to fight for blindingly obvious, especially when that is the financial welfare of ordinary investors.
After scandals such as the PPI, and the regulatory disaster of the global financial crisis, you might expect the UK financial services regulator the FCA would be doing its utmost to avoid the next potential scandal. But if that were so, then why is the regulator forcing investment trusts to issue statutory ‘Key information Documents’ their own trade body not only argues are profoundly misleading, but are campaigning to have them suspended until the issues with them can be ironed out?;