WebNov 23, 2024 · Blackmore Bond, which was sold by the same company that marketed the London Capital and Finance minibonds at the centre of a £237m fraud investigation, claimed that investors’ capital was ... WebThe Investigation has concluded that the FCA did not discharge its functions in ... respect to Blackmore Bond and how it was being marketed. However, we do not have power to investigate a firm that is unauthorised and not carrying out any regulated activities, even if there are circumstances that suggest there may be fraud. _ ...
FSCS seeks records for mini bond firm investigation - FTAdviser
WebMay 7, 2024 · Blackmore Global under investigation by Isle of Man regulators. Blackmore Global, the sister investment scheme to the UK minibond that collapsed with £46 million … WebBlackmore Bond, another minibond company linked to LC&F, had closed to new investors after the regulator intervened. ... The investigation will establish what happened to the minibond firm and whether the FCA acted appropriately. One key fact, according to ovington's Hargreaves, is that the F A was allegedly “given ... fho canine
How the vulnerable lost their life savings while regulators stood …
WebJun 30, 2024 · As Members will be aware, Blackmore Bond was an unregulated firm established in 2016. Between 2016 and 2024, it issued non-transferable debt securities, otherwise known as mini-bonds, to retail investors. It raised £46 million, involving approximately 2,800 UK investors, to be used in property development projects. WebJun 19, 2024 · Read more: Mini-bond Blackmore collapses with £45m at risk “Detailed investigations” are ongoing to see if any more cash can be recovered, but administrators told bondholders to expect a “substantial shortfall.” The sorry tale is the latest high-profile mini-bond scandal in the UK. WebFeb 7, 2024 · NPI had approved financial promotions for issuers of mini-bonds and was linked to the Blackmore Bond scandal. Blackmore Bond raised millions of pounds from investors to fund property developments ... department of public health winston salem nc