investigation: The FCA confirmed the investigation in a separate statement, according to The Guardian. The company suspended its shares and said it believed they would start trading again by the publication of its annual results, due by the end of this month. Quindell has said the FCA told it on Tuesday that it would investigate the company statements about its accounts in 2013 and 2014. In a statement to the stock exchange, Quindell said: On 23 June 2015, the Financial Conduct Authority informed the company that it has commenced an investigation under the Financial Services and Markets Act 2000 in relation to public statements made regarding the financial accounts of the company during 2013 and 2014. Quindell also said it was examining, with the help of its auditors, how it recorded some of its past acquisitions. The company will cooperate fully with the investigation.
(news.financializer.com). As
reported in the news.
Tagged under investigation, FCA topics.