5 Questions About Britain’s Minibond Regulatory Scandal
Law360, London (August 22, 2019, 5:35 PM BST) -- The collapse of minibond provider London Capital & Finance PLC, which left thousands of investors facing huge losses, has put Britain’s financial watchdog in the spotlight over its worst failure as a regulator in recent years.
The Financial Conduct Authority is in the spotlight over its regulation of a minibonds provider that has collapsed, leaving investors facing losses on £236 million ($290 million) of their money. (AP)
The story was still unfolding on Wednesday when the Financial Conduct Authority confirmed that Blackmore Bond, another minibond company linked to LC&F, had closed to new investors after the regulator intervened.
Minibonds have come...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!