The Financial Conduct Authority today confirmed that it has withdrawn from the negotiations between Connaught Income Series 1 Fund (acting by its Liquidators) and its former operators, Capita Financial Managers Limited and Blue Gate Capital Limited. The FCA has now decided to formally investigate the activities of both operators.
http://www.fca.org.uk/news/fca-statement-on-connaught
http://www.fca.org.uk/news/fca-statement-on-connaught