MP Nicky Morgan calls on FCA to investigate London Capital & Finance

Earlier this month four individuals were arrested in the Kent and Sussex areas in connection with the collapsed firm, which entered into administration in January. The four have since been released pending further investigation.  In response to the situation with LC&F, Morgan (pictured) has written to the Financial Conduct Authority (FCA) board to request it consider whether the tests around the need for a statutory investigation into possible regulatory failure surrounding the firm's collapse have been met. HM Treasury has the power to require the regulator to conduct such an investi...