The UK’s Asset Manager Agreed to Pay €250M to Investors and Exit Local Market
H2O Asset Management has agreed to pay €250 million to investors and exit the UK market following a damning investigation by the UK’s Financial Conduct Authority (FCA). The regulator uncovered significant failures in the firm’s investment practices, governance, and communications with authorities between April 2015 and November 2019. H2O’s €250 Million Settlement Caps Years-Long Regulatory…