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Home REIT says FCA has closed its investigation and "intends to take no further action" against company
QuotedData reports that Home REIT received an October 20 letter confirming the Financial Conduct Authority had closed its investigation and intended no further action against the company. The inquiry covered September 22, 2020 through January 3, 2023. Chair Michael O’Donnell highlighted the company’s cooperation with the regulator.
The article also notes the separate Serious Fraud Office investigation, which involved six arrests in January, and civil proceedings brought by Harcus Parker for current and former shareholders. The FCA closure concerns its own investigation; those separate proceedings remain distinct, with criminal suspicions still under investigation.
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This Sequoia Research summary was prepared with AI assistance from the credited source. It is not independent verification of the source’s claims. The original publisher retains authorship of its reporting; follow the source link for the complete article.
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