FSA probes ARM bond distributor Catalyst

The Financial Times reports the London-based group is being investigated over sales of the bonds in 2009 and 2010. Catalyst said it was confident the FSA's investigation would not find wrongdoing. Catalyst was the UK marketing and distribution agent for ARM Asset Backed Securities, a special purpose vehicle based in Luxembourg, whose assets were frozen by the Luxembourg authorities in August 2011. The country's financial regulator took the action after refusing to grant ARM a licence to issue the bonds there, a decision ARM is contesting. The FSA has previously taken action agai...