This blog gives you the latest topical news plus some informal comments on them from ShareSoc’s directors and other contributors. These are the personal comments of the authors and not necessarily the considered views of ShareSoc. The writers may hold shares in the companies mentioned. You can add your own comments on the blog posts, but note that ShareSoc reserves the right to remove or edit comments where they are inappropriate or defamatory.

Banks Claims Group Limited, FCA and RBS

Neil Mitchell, who ran Torex Retail before he blew the whistle on an earlier fraud at the software company and RBS’s Global Restructuring Group took control of the business, has applied for a judicial review of a UK Financial Conduct Authority decision in July that its options for taking action were “limited”. Neil, who claims to represent 530 complainants affected by alleged wrongdoing at GRG, alleges in his judicial review application that the FCA has been “unlawfully refusing or failing” to fulfil its legal obligations and that its July decision should be “quashed”.

There is more on this story in the FT https://www.ft.com/content/32b06f30-f87c-11e8-8b7c-6fa24bd5409c and CityAM http://www.cityam.com/270199/city-watchdog-taken-court-over-failure-act-royal-bank

Neil Mitchell’s contact details are:

Neil Mitchell, Founder & Spokesman, Banks Claims Group Limited

Email: Neil.Mitchell@banksclaimsgroup.com

Website: www.banksclaimsgroup.com

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