FCA censures London Capital & Finance over mini-bond scheme
11,000 investors lost over £237m between 2014 and 2019
LCF
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FCA rebukes watchdog’s criticisms of LCF compensation scheme
Bondholders have so far received £173m from various schemes
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Appeal costs force LCF victims to drop FSCS legal challenge
Losing could have resulted in a £600,000 bill for bondholders
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Redress for victims ‘impossible’ under FCA compensation changes
Activist Gina Miller files complaint against regulator over reforms to its scheme
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FCA accused of senior managers regime hypocrisy
Critical LCF report alleges watchdog has not met the standards ‘which it seeks to impose upon others’
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Government pledges £120m in compensation to scorned LCF investors
One investor defines ‘best outcome we could have hoped for’ as ‘hallelujah moment’
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FCA accused of ‘dirty tricks’ as LCF mini bonds investigation gets delayed
Former regulator boss Andrew Bailey set to be interviewed by the investigation this month
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LCF trustee ordered to pay £150,000
‘The sight of a trustee clinging to office is unattractive’ the judge told the high court