Regulators Weigh New Laws Against Online Investment Scams
By Lucia Osborne-Crowley (September 13, 2021, 12:02 AM BST) -- The government and the finance regulator have agreed with recommendations to beef up the forthcoming Online Safety Bill as part of a post-mortem into the collapse of minibond firm London Capital & Finance, documents published on Monday by senior MPs reveal.
HM Treasury and the Financial Conduct Authority have published their responses to recommendations made by an independent inquiry into the City watchdog's regulation of LC&F in the lead-up to its high-profile failure in January 2019.
LC&F was an investment company that dealt in speculative minibonds that went under after the FCA closed its bank accounts. Almost 12,000 clients lost £237...
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