WebApr 23, 2024 · Many LCF investors also bought Blackmore bonds. Draft accounts for 2024 - the most recent filing - seen by the Evening Standard show Blackmore paid £2.5 million in distribution fees, on top of £ ... WebJun 30, 2024 · Blackmore Bond plc was incorporated in July 2016, went into administration in May 2024, and has since gone into liquidation. Between October 2016 and November 2024, it raised £46 million in loans, known as mini-bonds, almost all of it from small-scale individual investors. ... During my investigations into this affair, I received a copy of a ...
Blackmore Bond collapse: FCA failed to act before people lost life ...
WebApr 24, 2024 · The City watchdog was warned by the police on 45 occasions about suspicious activity at failed “mini-bond” provider Blackmore, which later collapsed costing investors £47m. MPs and investors ... WebJul 1, 2024 · SNP MP Peter Grant secured a House of Commons adjournment debate on “the Financial Conduct Authority and the collapse of Blackmore Bond plc” on 30 June 2024. In his speech, Mr Grant gave examples of BB’s promotional material which he believed were “blatantly false or extremely misleading”. He argued that “it took the FCA … frenctown pike county pay post card
Blackmore Bond collapse: FCA failed to act before people lost life
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. WebFCA was warned three years ago about mini-bond firm Blackmore Bond, which collapsed with £45m of savers’ money Savers who put £47m into minibond firm Blackmore will lose all of their money ... 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. _ ... fatal attraction movie sharon stone