Sector Regulation Sector Regulation

LCF had 'halo effect' of FCA authorization, independent investigator tells UK lawmakers

By Fiona Maxwell
  • 01 Feb 2021 11:59
  • 23 Feb 2021 08:03
Failed investment firm London Capital & Finance attracted retail customers due to its misleading authorization by the UK’s Financial Conduct Authority, the independent investigator that probed the regulator’s oversight of the company told lawmakers today.

As LCF was authorized and regulated by the FCA, investors felt comfortable placing their money into the company’s

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