Nearly £10m in fines for LCF auditors
- Wednesday, 08 May 2024
- Articles
![FRC website](/media/k2/items/cache/1dc1357bedabe6cd82a0bf243862df1b_Generic.jpg)
The Financial Reporting Council, the regulator of auditors, accountants and actuaries, has imposed major fines and sanctions on three audit firms over their failings over the collapse of £237m mini-bond firm London Capital & Finance (LCF) plc.
Read more...FCA bans and fines ‘reckless’ LCF compliance chief
- Tuesday, 13 February 2024
- Articles
![Therese Chambers, FCA joint executive director of enforcement and market oversight](/media/k2/items/cache/26f3fac10fba083bae424a6b129d99f0_Generic.jpg)
The Financial Conduct Authority has fined a former director of collapsed £237m mini-bond provider London Capital & Finance (LCF) and banned him from working in financial services.
Read more...The devastating human cost of financial scams
- Wednesday, 22 November 2023
- Articles
![Ian Davis, pictured giving evidence to the TTF about his experience](/media/k2/items/cache/d92966c69369e6719ad7d4d6e651e0f7_Generic.jpg)
[Content warning - this article contains references to suicide]
Lawnmower repair man Ian Davis was one of the victims of the £237m London Capital & Finance (LCF) mini-bond collapse scandal.
Read more...FCA says no fine for LCF despite £237m failure
- Wednesday, 11 October 2023
- Articles
![Therese Chambers, joint executive director of enforcement and market oversight at the FCA](/media/k2/items/cache/ba729f9f0660bab7b666be662920da83_Generic.jpg)
The Financial Conduct Authority has censured collapsed £237m mini-bond provider London Capital & Finance (LCF) for unfair and misleading financial promotions.
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