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...
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