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Osborne warns of disciplinary action post-FCA zombie fund fiasco
by Danielle Levy on Apr 02, 2014 at 07:31
Investors dumped insurance shares on the reports and an increasingly anxious L&G - which was among the heaviest hit - issued a stock exchange statement demanding clarification on the plans as the market became increasingly 'disorderley'
The regulator eventually issued a statement in the afternoon stressing the investigation would not be as wide-ranging as feared and that modern rules would not be imposed retrospectively.
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