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LCF was a mini-bond issuer and, because issuing mini-bonds is not a regulated activity, it did not need to by authorised by the FCA
The Financial Services and Compensation Scheme (FSCS) has issued another £8.4m to investors of the failed mini-bond issuer London Capital & Finance (LCF).
According to a note on the FSCS website, the lifeboat scheme has now issued 844 decisions and paid out more than £13.5m in compensation, an increase from the £5.1m it said it had issued in June (25). It...
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