West Riding Personal Finance Solutions managing director and IFA Neil Liversidge has expressed frustration with the FCA after sending a warning letter to it in 2015 regarding London Capital & Finance (LC&F).
The Financial Conduct Authority (FCA) was warned about LC&F by Liversidge after he was contacted by a potential investor interested in putting money into their mini-bond schemes. While the client was advised by the IFA not to invest, Liversidge also sent a letter in 2015 to the regulator explaining how he would not class this as a suitable investment for the "unsophisticated retail market". Liversidge said it was an "habitual issue" with the FCA not getting back to people. He said he had, on several occasions, contacted the regulator with different issues and it has failed to get back to...
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