A THIRD UK company which sold investments backed by Lehman Brothers has gone into administration, after a Financial Services Authority investigation into the way “structured products” had been sold.<br /><br />London-based Arc Capital and Income (ACI) sold the complicated “capital guaranteed” structured products, some of which were backed by the collapsed US bank, via independent advisers.<br /><br />The FSA requested that the ACI evaluate its financial position after investors threatened to file mis-selling claims in relation to the Lehman-backed products. <br /><br />Following the firm filing for adminstration, around 250 of ACI’s 10,000 private investors – which had a total of £5.75m invested in the products – can now claim up to £48,000 each from the FSA’s compensation scheme.<br /><br />Investors in the firm’s other products have been informed that their money is safe by administrators Carter Backer Winter.<br /><br />The news comes just weeks after two other firms which offered Lehman-backed structured financial products, NDF and Defined Returns, said they were going into administration.