Company News 

Seven days: 5 April 2019

Seven days: 5 April 2019

LCF oversight probed 

The Financial Conduct Authority (FCA) has been ordered by the Treasury to appoint an independent reviewer to investigate the regulatory shortcomings revealed by the collapse of London Capital and Finance (LCF). The company enabled customers to invest in high-risk investments called mini-bonds, but has been accused of misleading marketing. The FCA launched an investigation into the company’s advertising practices in December, but LCF went bust a month later. Around 11,605 people invested an aggregate £236m with the company, but only around 20 per cent of that money may be recovered.

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