This article represents the views of its author and not necessarily those of ShareSoc.
Following on from the BBC Panorama programme on the Blackmore Bond scandal the Transparency Task Force have launched an attack on the competence of the Financial Conduct Authority – see https://www.transparencytaskforce.org/letters-to-mps-about-blackmore-bond/. It includes a letter you can send to your Member of Parliament asking for some reform.
I agree with most of their recommendations on how matters can be improved.
One issue I would also raise is that the Panorama ...
This article represents the views of its author and not necessarily those of Sharesoc.
The BBC’s Panorama programme last night (on 16/8/2022) did a good job of pointing out the failure of the Financial Conduct Authority (FCA) to prevent fraud on investors in “mini-bonds”. In this case the focus was on the collapse of Blackmore Bond where 2,000 people lost £46m when the company collapsed. But there have been several other similar cases.
Mini-bonds are unregulated investments so should only be sold to ...