FSCS ‘sorry’ for failed £236m mini-bond confusion

The Financial Services Compensation Scheme has apologised to potentially misled clients of the failed London Capital and Finance (LCF) mini-bond.

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Editor’s Comment: LC&F scandal creates headache for FCA

The news this week that the FCA will commission an independent report into its handling of the LC&F mini-bond scandal is not an admission of guilt but it is perhaps the first sign that regulation failed investors who had the misfortune to use this company.

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