Two investor groups set up to help recover assets from life settlements provider ARM Asset Backed Securities have clashed over allegations of "misinformation."
The ARM Investors Forum (arminvestors.com), an independent resource set up by investors, has accused the official ARM Steering Group, run by three investors appointed by ARM, of attempting to damage the credibility of the unofficial forum. In an email to bondholders, forum moderators said a letter sent by the Steering Group "clearly misrepresents the position and objectives of the ARM Investors Forum." ARM Steering Group spokesman Brian Love said the accusations were "grossly inaccurate" and that it had been in contact with the forum to explain its position. The ARM Investors Forum...
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