Another Article
Clarkson Hill is rumoured to be in talks with appointed representatives later today as concerns continue over its regulatory capital requirements.
There has been no trading activity on its alternative investment market listing since markets closed on Monday 2 August.
The national IFA firm consisting of 340 advisers with 10 branches, has been in continuing discussions with the FSA over its regulatory capital requirements despite borrowing £588,000 from two directors.
Ron Pritchard and Mike Robinson, two of the directors of the company, have provided subordinated loans, yet to be approved by the FSA, to be repaid after two years at 5 per cent interest per annum.
Full article by Marc Shoffman of FinancialAdviser Here
