U.K. FCA Is Investigating Eight People Over Tax Scandal
- U.K. data disclosed by London law firm after FOI request
- FCA probes have been stymied by adverse court ruling
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The U.K. markets regulator is investigating eight people connected to the Cum-Ex tax scandal before it was effectively stopped in its tracks by a London judge.
The February data on the Financial Conduct Authority investigations was disclosed by London law firm Rahman Ravelli Wednesday following a Freedom of Information request. The number is up from the six people that Bloomberg reported in October the FCA was investigating.