FSCS pays out £13.5m to 844 LCF victims

The Financial Services Compensation Scheme has increased the speed it is settling LCF claims and has so far paid out £13.5m to 844 people hit by the collapse of the mini-bond firm.

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Treasury acts to avoid repeat of LCF mini-bond debacle

The Treasury is consulting on proposals to make it harder to promote unauthorised financial products via authorised firms.

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Probe into 3 auditors over £237m LCF collapse

The Financial Reporting Council, the regulator of auditors, accountants and actuaries, has launched investigations into three audit firms over their audits of collapsed mini-bond firm London Capital & Finance plc (LCF).

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FCA kills off marketing of speculative mini-bonds

The FCA has decided to permanently ban the mass-marketing of speculative illiquid securities, including speculative mini-bonds, to retail investors.

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