FCA failed to ‘effectively supervise’ collapsed mini-bond issuer LCF, report says – Financial Times
FCA failed to ‘effectively supervise’ collapsed mini-bond issuer LCF, report says – Financial Times
The UK financial watchdog “has not effectively supervised and regulated” the mini-bond issuer London Capital & Finance, an independent review of its 2019 collapse has revealed. The long-awaited report into the scandal, in which nearly 12,000 investors lost £ 236million, concluded that the Financial Conduct Authority “had failed to discharge its duties with respect to […]
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