Mini-bonds
FCA not to take action against Blackmore mini-bond promoters following investigation
7,330 hours were spent on the investigations and over 8,000 documents reviewed
Ex-LCF boss handed 10-month sentence for restraint order breach
But it has been suspended for two years
Wealth firm that issued mini-bonds enters administration
Around 40 clients invested roughly £4m in the absolute return forex bond
Over 20 mini-bond companies shut up shop in four years
Regulator does not ‘routinely collect data from firms on their issuing/distribution of these products’
Appeal costs force LCF victims to drop FSCS legal challenge
Losing could have resulted in a £600,000 bill for bondholders