BUZZ-Quindell: FCA steps in, stock suspended

** Quindell (LSE: QPP.L - news) shares suspended as FCA confirms an investigation into troubled company's financial statements

** FCA investigation latest development in a more than year long saga that began in April last year when Gotham City Research raised question marks over the company's profits

** Valued at $4.4 billion at its peak in April 2014, the stock fell 96.5 pct hitting a trough last Dec. Stock up sharply from the lows though has traded flat in muted volumes since early April

** Quindell says it had commenced a review, along with its auditors, of a number of its historical transactions and acquisitions

** Last week hedge fund GLG Partners said in its May factsheet that it had bought shares in Quindell basing the decision on expectations of a successful restructuring

** GLG says a healthier balance sheet after the co's disposal of a unit fetched a better price than expectations left it with sufficient margin of safety (RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)