WebBlackmore Bond plc went into administration on 22 April 2024. Unfortunately, because Blackmore was not an authorised financial services firm, FSCS will not be able to compensate customers. Under our rules – the COMP rules – FSCS can pay compensation only where a regulated firm owes a customer a civil liability in connection with a regulated ...
TTF Blog: 22 March 2024 – Transparency Task Force
WebBlackmore Bond, another minibond company linked to LC&F, had closed to new investors after the regulator intervened. Minibonds have come under closer scrutiny following the … WebAug 16, 2024 · MPs have called for inquiry into the UK’s Financial Conduct Authority (FCA) over its handling of the Blackmore Bonds scandal, that saw thousands of ordinary investors lose combined sums of £46m. news wlbt jackson ms
‘Heartbreaking’ bond scandal calls FCA powers into question
WebJul 27, 2024 · TTF writes to Prime Minister with new evidence on Blackmore Bond and other scandals FCA at the heart of concerns raised to PM by Alex Varley-Winter, TTF's Head of Media Relations & Investigative ReportingTransparency Task Force has written to PM Boris Johnson with new evidence of alleged regulatory failure revealed at a TTF … WebBlackmore Bond, another minibond company linked to LC&F, had closed to new investors after the regulator intervened. Minibonds have come under closer scrutiny following the collapse of Asset Life, a provider that fell into administration in July after raising more than £8 million ($9.8 million) from investors. WebJun 19, 2024 · Read more: Mini-bond Blackmore collapses with £45m at risk ... The sorry tale is the latest high-profile mini-bond scandal in the UK. Mini-bonds are unregulated debt instruments sold to everyday investors and savers. Typically marketed online, they are high-risk and investors lost over £1bn last year. Most are ordinary savers unaware of the ... mid size university