Further details of the Independent Investigation into London Capital and Finance have been revealed by the FCA.

Investors hit by the collapse of £236m London Capital & Finance (LCF) earlier this year have launched a petition aimed at the Treasury, the FCA, Nicky Morgan MP and Antony Townsend the Complaints Commissioner.

The Treasury will examine whether mini-bond regulation is fit for purpose after the collapse of £236m London Capital & Finance (LCF) earlier this year.

A cross-party group of MPs has called on FCA chief executive Andrew Bailey to resign over what they see as regulatory failures over the collapse of London Capital & Finance.